Putting a Stop to Illegal Imports from Forced Uyghur Labor
The world has watched in horror as, starting in 2018, up to two million Uyghurs and other ethnic minorities have been arrested, relocated, or otherwise forced into internment centers in the Xinjiang Uyghur Autonomous Region in China. The government of the People’s Republic of China has separated thousands of Uyghur children from parents, forced methods of control on women, and inflicted physical and psychological...
COVID Frauds of the Week: More PPP and PPE Fraudsters, and an Update
Attorney General William P. Barr announced the results of his Payroll Protection Program (PPP) Criminal Fraud Enforcement Action this week, and noted that as of August 8, 2020, over 5.2 million loans had been approved, with a total federal expenditure of over $525 billion in federal business support expenditures. The downside is that Paycheck Protection Program fraudsters have cost the government over $70 million in...
The CFTC continues its hot streak, aggressively pursuing fraudsters and rewarding whistleblowers who come forward with valuable information. One particular enforcement trend stands out: a number of high-profile settlements related to illegal binary options trading platforms.
Binary options are the OTB of the stock market—a method of gambling whether particular stocks will go up or down without actually...
Earlier this week, the SEC announced an award of more than $10 million "to a whistleblower whose information and assistance were of crucial importance to a successful SEC enforcement action." This brings the total tally under the SEC's Whistleblower Program to $520 million in awards to 94 whistleblowers since the first award in 2012.
It also marks the latest in a flood of awards this year, including the $50...
Constantine Cannon Attorneys Ari Yampolsky and Chris McLamb Published in the Daily Journal on the California FCA
On September 8, 2020, Constantine Cannon attorneys Ari Yampolsky and Chris McLamb published an article in the Daily Journal discussing the California State Senate’s failure to pass critical amendments to the California False Claims Act. Among other things, the amendments would have closed a loophole that lets tax cheats off the hook and rebuffed defendants’ attacks on the CFCA’s longstanding materiality...
Constantine Cannon Whistleblower Client Featured in Congressional Report on the 737 MAX
On September 16, 2020, the House Committee on Transportation and Infrastructure released the final report in its eighteen-month investigation into the development, production, and certification of the Boeing 737 MAX aircraft, which paints a detailed and troubling picture of the 737 MAX and the fateful flaws that caused two deadly crashes. The report depicts a culture of profits over safety at Boeing that metastasized...
Whistblower attorneys Mary Inman and Max Voldman published in RACMonitor article, New Settlement Demonstrates New Fraud Type in Medicare Advantage program – Inflation of bids. Click here to read the article.
September 14, 2020
Partner Mary Inman featured in a RAC Monitor podcast, The RVU Conundrum: Expect Declines in Operating Income. Click here to tune in.
SEC Again Postpones Hearing on Controversial Whistleblower Award Rule Amendments
For the second time, the SEC pulled the plug on hearings to consider amendments to some key rules affecting its whistleblower reward program. Just a day before hearings scheduled for September 2, 2020, the SEC canceled them, indicating only that they would be rescheduled for a future date. The Commission had done the same thing in fall 2019, abandoning hearings at the last minute.
There are many potential...
COVID Frauds of the Week: PPP Loan Scams Continue, NFL Player Charged
Another week in the time of COVID-19 brings another round of conspiracy and fraud charges in connection with relief programs designed to provide emergency financial assistance to Americans suffering from the pandemic’s economic fallout. We continue to highlight federal prosecutors’ work to stop scams that take advantage of these crucial programs:
NFL player Joshua Bellamy was arrested and charged in a federal...