Whistleblower Insider Blog Archives - Page 15 of 377

SEC Issues Annual Whistleblower Report Showing Continued Strength of Whistleblower Program

Posted 12/4/24

The Securities and Exchange Commission (SEC) recently issued its Annual Report to Congress detailing the results of the SEC Whistleblower Program over the past fiscal year. Under the SEC’s program, individuals who provide information to the agency concerning potential securities violations that leads to a successful enforcement action may receive up to 30% of any government recovery. Here are the highlights of...

Tagged in: SEC Whistleblower Reward Program, securities violations,

Predatory Pharmacies Targeted Low-Income HIV Patients: Former Owner of New York Pharmacies Sentenced for Ongoing $11 Million Medicaid Fraud Scheme

Posted 12/4/24

dollars with a prescription signifying healthcare fraud

On November 20, 2024, New York Attorney General Letitia James announced that former pharmacy owner Aftab Hussain was sentenced to two to six years in prison for swindling over $11.5 million in a Medicaid fraud scheme that targeted low-income HIV patients who required life-saving medications. Hussain and his co-conspirators paid illegal kickbacks to patients to entice them as repeat customers at over 20...

Tagged in: Healthcare Fraud, Medicaid fraud,

Gen Digital Pays $55.1M False Claims Act Judgment for Intentional Overcharges to General Services Administration After Government Wins at Trial

Posted 12/4/24

Gen Digital Inc. (formerly Symantec Corp.) knowingly overcharged the General Services Administration. Now the company is required to pay a hefty judgment after a decade of False Claims Act litigation. Located in Tempe, Arizona, Gen Digital Inc. will pay $55.1 million. The company is required to shell out $16.1 million in damages and $36.8 million in civil penalties, in addition to post-judgment interest and...

Tagged in: False Claims Act, government contract fraud, qui tam,

SEC Announces Settled Charges Against Pharma Company and Executives for Misleading Investors about FDA Clinical Review of Drugs

Posted 12/3/24

Securities and Exchange Commission seal on building

The SEC continues to go after pharmaceutical companies for securities law violations in connection with misleading investors. The most recent example is the SEC’s settled charges against a publicly traded biotherapeutics company called Kiromic BioPharma, Inc. (KRBP), the company’s former CEO, and its former chief financial officer. In this case, Kiromic was working on developing two cancer fighting drugs...

Tagged in: FDA Fraud, SEC Whistleblower Reward Program, Securities Fraud,

Do Not Mess with the IRS Whistleblower Program! An American Cautionary Tale Featuring a PRC Scheme to Topple Falun Gong

Posted 11/27/24

When foreign agents attempt to exploit and bribe their way through the U.S. whistleblower programs, the consequences are severe. On November 19, 2024, John Chen, 71, was sentenced to 20 months in prison for acting as an unregistered agent of the People’s Republic of China (“PRC”) and attempting to manipulate the IRS Whistleblower Program to advance the Chinese government’s transnational repression campaign...

Tagged in: IRS Whistleblower Reward Program,

Deception Tied with a Bow: Dell and Iron Bow Settle for $4.3M Over False Claims Act Allegations in Army Bidding Scheme

Posted 11/26/24

Dell Technologies, Inc. and Dell Federal Systems L.P. (“Dell”), based in Austin, Texas, have agreed to pay $2.3 million to settle allegations of violating the False Claims Act. The allegations stem from claims that Dell submitted, and caused the submission of, non-competitive bids to the U.S. Army, resulting in overcharges under the Army Desktop and Mobile Computing 3 (ADMC-3) contract. In addition, Iron Bow...

Tagged in: False Claims Act, government contract fraud, qui tam,

U.S. Forest Service Archaeologist Whistleblower Highlights Destruction of Native American Tribal Sites in North Carolina

Posted 11/26/24

U.S. Forest Service archaeologist Scott Ashcraft knew western North Carolina’s woods contained critical information about human history in the Appalachian Mountains. For years, Ashcraft’s attempts to alert forest managers were ignored. Ashcraft believed outdated modeling overlooked artifacts buried on steep terrains, including significant areas for Native American tribes. Based on this theory, Ashcraft wanted...

Tagged in: Whistleblower Case,

SEC Chair Gary Gensler to Step Down

Posted 11/22/24

Yesterday (November 21), the Securities and Exchange Commission (SEC) announced current SEC Chair Gary Gensler will leave the agency on January 20, 2025 when President-elect Donald Trump takes office. Gensler’s departure is no surprise as Trump has made it clear he would be appointing someone else to take over as the SEC’s top cop. No doubt, Gensler’s replacement will bring to the agency a very different...

Tagged in: SEC Whistleblower Reward Program,

CFTC Issues Annual Whistleblower Report Highlighting Continued Success of CFTC Whistleblower Program

Posted 11/22/24

As it is required to do every year, the Commodity Futures Trading Commission (CFTC) just released its Annual Report on the CFTC Whistleblower Program, which provides rewards and protections to whistleblowers providing the agency with information on Commodities Exchange Act violations. The 2024 Report covers the period from October 1, 2023 through September 30, 2024 and as with its previous annual reports, details...

Tagged in: Fraud in CFTC-Regulated Markets, Whistleblower Eligibility, Whistleblower Rewards,

Fishy Business and Fraudulent Bills: New York Internist Pleads Guilty to $891K Healthcare Fraud Scheme

Posted 11/22/24

The Hippocratic Oath was apparently not an ethical pledge Dr. Kenneth Fishberger took to heart. On Thursday, November 14, 2024, New York internist Dr. Fishberger, 75, pleaded guilty in Boston federal court to one count of conspiracy to commit healthcare fraud. Fishberger, an internist from East Setauket, N.Y., received kickbacks for ordering medically unnecessary transcranial doppler (TCD) brain scans, tests used...

Tagged in: Anti-Kickback and Stark, Healthcare Fraud, Medical Billing Fraud,

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Whistleblower Insider Blog

SEC Issues Annual Whistleblower Report Showing Continued Strength of Whistleblower Program

Predatory Pharmacies Targeted Low-Income HIV Patients: Former Owner of New York Pharmacies Sentenced for Ongoing $11 Million Medicaid Fraud Scheme

Gen Digital Pays $55.1M False Claims Act Judgment for Intentional Overcharges to General Services Administration After Government Wins at Trial

SEC Announces Settled Charges Against Pharma Company and Executives for Misleading Investors about FDA Clinical Review of Drugs

Do Not Mess with the IRS Whistleblower Program! An American Cautionary Tale Featuring a PRC Scheme to Topple Falun Gong

Deception Tied with a Bow: Dell and Iron Bow Settle for $4.3M Over False Claims Act Allegations in Army Bidding Scheme

U.S. Forest Service Archaeologist Whistleblower Highlights Destruction of Native American Tribal Sites in North Carolina

SEC Chair Gary Gensler to Step Down

CFTC Issues Annual Whistleblower Report Highlighting Continued Success of CFTC Whistleblower Program

Fishy Business and Fraudulent Bills: New York Internist Pleads Guilty to $891K Healthcare Fraud Scheme

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