JP Morgan Whistleblower to Receive $30 Million Award

By the C|C Whistleblower Lawyer Team An unnamed whistleblower is set to receive a $30 million award from the Commodities Future Trading Commission (CFTC), according to Bloomberg, for reporting JPMorgan Chase & Co.’s failure to properly disclose that it was directing certain wealthy clients into investments that would be profitable for the bank. The conduct led to JPMorgan’s 2015 agreement to pay $367 million in sanctions, including $100 million to...

Whistleblower News From The Inside -- February 21, 2018

By the C|C Whistleblower Lawyer Team IRS increases Caterpillar tax penalty to $2.3 billion – In the company’s annual financial reports, Caterpillar Inc. disclosed that the Internal Revenue Service’s determination of back taxes and penalties Caterpillar owes the United States government has grown by about $300 million. The sanctions, imposed for Caterpillar’s offshore tax strategy, have increased as the IRS completes audits of the company’s tax filings. Peoria Journal Star Armored vehicle...

Whistleblower News From The Inside - February 13, 2018

By the C|C Whistleblower Lawyer Team Oxfam whistleblower claims she urged company to take action against sexual harassment claims -- "Helen Evans, Oxfam's former global head of safeguarding, claimed "she begged senior staff and the charities watchdog to act about sexual abuse allegations at the scandal-hit charity."  Evening Standard Whistleblower claims anti-abortion group helped draft HHS letter rescinding Planned Parenthood policy -- "House Democrats say a whistleblower inside the Department...

Whistleblower News From The Inside -- February 2, 2018

By the C|C Whistleblower Lawyer Team Medicare tightens oversight of opioid prescriptions – Under a proposal released Thursday, patients would have to consult their doctor and get approval from their drug plan if a new prescription puts them above recommended cumulative dose levels for morphine-like painkillers. Pharmacists could still dispense a 7-day supply of medication. WJHL Settlements for 3 Wall Street Banks Hold a Silver Lining – Three big banks were punished for...

Whistleblower News From The Inside -- January 30, 2018

By the C|C Whistleblower Lawyer Team Whistleblower lawyers see a growth area in customs fraud – "Whistleblower lawyers see room for extra business on a new front: chasing customs-linked wrongdoing ranging from failing to label imported goods to shipping rhinoceros horn across the border." WSJ Saudi authorities net $106B in corruption settlements – "A wide-reaching anti-corruption campaign shrouded in secrecy and intrigue has netted more than $106 billion in financial settlements with 56...

Whistleblower News From The Inside -- January 19, 2018

By the C|C Whistleblower Lawyer Team The DOJ Criminal Division Released its "Fraud Section Year in Review 2017" – The Criminal Division charged 301 individuals, brought in $4.6 billion in corporate U.S. criminal fines, penalties, forfeiture and restitution, and total enforcement action amounts payable to U.S. and foreign authorities amounted to $6.8 billion. DOJ Michigan Doctor Sentenced to Prison for $1.7 Million Health Care Fraud Scheme – A Detroit, Michigan-area doctor was...

Senator Grassley Proposes Important Whistleblower Amendments to GOP Tax Bill

By the C|C Whistleblower Lawyer Team Charles Grassley, the seven-term Iowa Senator and long-time whistleblower advocate, has introduced two amendments to the Senate’s “Tax Cuts and Jobs Bill” that would assist whistleblowers. One would prevent the double-taxation of certain whistleblower awards, while another would permit whistleblowers who report criminal tax frauds to collect awards from criminal fines imposed on the offending party. The first amendment, titled “To unify the tax...

JPMorgan Whistleblowers Set to Reap Record $61 Million Bounty

By the C|C Whistleblower Lawyer Team Two whistleblowers are apparently set to share a record $61 million award from the SEC for helping make the case that JPMorgan Chase & Co. failed to disclose to wealthy clients that it was steering them into investments that would be most profitable for the bank. The SEC issued letters notifying six whistleblower applicants of the preliminary decision. The letters said that two of...

Whistleblower News From The Inside -- June 12, 2017

By the C|C Whistleblower Lawyer Team Goodwill Employee Expected Sympathy After He Saw Co-Worker Crushed. But He Was Fired -- Seven days after he saw his co-worker die, crushed by heavy equipment, Dave Goudie returned to work at the Goodwill Outlet on Franklin Boulevard. Goudie, a commercial driver, thought he was psychologically ready to resume his $16.50-an-hour job after a week of paid administrative leave. He said he assumed his bosses...

Whistleblower News From The Inside -- May 23, 2017

By the C|C Whistleblower Lawyer Team CFTC Strengthens Anti-Retaliation Protections for Whistleblowers and Enhances the Award Claims Review Process -- The U.S. Commodity Futures Trading Commission (CFTC) unanimously approved amendments to the CFTC’s Whistleblower Rules that will, among other things, strengthen the CFTC’s anti-retaliation protections for whistleblowers and enhance the process for reviewing whistleblower claims. CFTC U.S. Accuses Massachusetts Hedge Fund Manager of Fraud -- A Massachusetts hedge fund manager has been...