Whistleblower News From The Inside -- January 4, 2017

By the C|C Whistleblower Lawyer Team Trump to Tap Wall Street Lawyer, Jay Clayton, to Head SEC – “As chair of the SEC, which polices Wall Street and the financial markets, Clayton would play a key role in Trump’s efforts to usher in a period of deregulation, including undoing parts of 2010’s financial reform legislation, known as the Dodd-Frank Act.”  Washington Post House Republicans Drop Bid to Gut Ethics Board...

Whistleblower News From The Inside -- November 28, 2016

By the C|C Whistleblower Lawyer Team Overcharges at Hanford Nuclear Site Result in $125 million Settlement – Bechtel and URS entities were alleged to have charged the Department of Energy for deficient nuclear materials, services, and testing provided to the Hanford Waste Treatment Plant, and to have improperly used federal contract funds to lobby for continued funding of the Hanford clean-up.  The case was originally brought by whistleblowers under the...

Whistleblower News From The Inside -- November 18, 2016

By the C|C Whistleblower Lawyer Team VA whistleblower resigns over retaliation – Brian Smothers, a Veterans Affairs employee who informed Congress of the agency’s use of wait lists in Colorado, has resigned, citing agency efforts to retaliate against him for speaking out.  The Denver Post Trump in talks to settle fraud lawsuits – News outlets are reporting that three lawsuits alleging Trump University defrauded its students may settle for $20...

Financial Spoofs No Laughing Matter: Chicago Speed-Chess Champ Can’t Outmaneuver CFTC

By the C|C Whistleblower Lawyer Team Although some take issue with cheeky parody, most of us love a good spoof. Unless, that is, the spoof is the sort that lands you in hot water with financial regulators. Chicago-based trader and speed-chess champ Igor Oystacher and his firm, 3Red Trading LLC, found out the hard way that spoofing, at least in financial industry jargon, is no laughing matter. Indeed, financial spoofing—i.e....

Whistleblower News From The Inside -- September 2, 2016

By the C|C Whistleblower Lawyer Team Monsanto Whistleblower Targets Deloitte – Attorneys for SEC whistleblower who was recently awarded $22.4 million have named Montsanto as the whistleblower’s employer.  In doing so, the whistleblower hopes to put pressure on the company’s external auditor, Deloitte, for failing to put a stop to the fraud.  Financial Times CFTC Seeks Public Comment on Proposed Whistleblower Rule Amendments – The CFTC proposed a number of...

Whistleblower News From The Inside — August 15, 2016

By the C|C Whistleblower Lawyer Team New study suggests physicians and device makers are too close – Researchers explored the role of sales technicians in operating rooms, finding surgeons often couldn't use complex devices without the technical expertise that sales technicians provided. The close ties may increase hospital costs. “Even sales representatives told researchers that they felt uncomfortable when their companies pushed them to sell newer, more expensive products even...

Whistleblower News From The Inside -- August 8, 2016

By the C|C Whistleblower Lawyer Team Anesthesia Business Settles Kickback Allegations – Sweet Dreams Nurse Anesthesia paid more than $1 million to resolve claims that it provided free anesthesia drugs to ambulatory surgical centers and agreed to fund construction of a new ASC, both in exchange for exclusive contracts.  The case was originally brought by a whistleblower, Adam Nauss, who will receive a share of the settlement.  USAO MD GA...

Whistleblower News From The Inside — August 1, 2016

By the C|C Whistleblower Lawyer Team Former Louis Berger execs face FCA suit – The government’s civil complaint alleges that the two shifted costs from contracts paid for by foreign and state governments and private entities to contracts paid for by the United States.  The former CEO and CFO have already been convicted of criminal charges that they conspired to overbill USAID on reconstruction contracts in Afghanistan and Iraq. Law360...

Whistleblower News From The Inside — July 27, 2016

By the C|C Whistleblower Lawyer Team State Street to pay $530 million to resolve charges it engaged in foreign exchange fraud – The move will settle multiple federal and private actions against the company regarding allegations that it overcharged pensions, mutual funds, and other investors that were first raised by the same whistleblower who sounded the alarm about Bernie Madoff.  The Boston Globe Syrian aid programs put on ice after...

Whistleblower News From The Inside — June 21, 2016

By the C|C Whistleblower Lawyer Team Whistleblowing Chicago police officer speaks out on “Code of Silence” -- Shannon Spalding, one of two Chicago officers who faced retaliation after working undercover on a police corruption case, discusses the department’s “Code of Silence.”  Chicago Tonight EU agrees to new rules to prevent corporate tax avoidance – The measures are aimed at companies taking advantage of varying members’ rules to avoid paying upwards...