Top Ten Federal Financial and Healthcare Fraud Prison Sentences of 2022

Financial and healthcare fraud often can carry stiff monetary penalties for entities facing government enforcement, as shown on our other Top Ten Lists. Whistleblowers reporting wrongful conduct under one of the federal whistleblower reward laws sometimes find that criminal authorities are as interested in their allegations as civil enforcement agencies and authorities. Fraud can also result in criminal charges and prison sentences for the individual perpetrators of the fraud. The...

Top Ten Federal Financial Fraud Recoveries of 2022

Federal enforcement of financial fraud takes many forms.  This year, thanks to positive developments in the world of money-laundering enforcement, we have expanded our Top Ten Lists related to federal financial fraud. In addition to documenting SEC and CFTC enforcement actions, FCPA enforcement, and money-laundering enforcement, the following list focuses on financial fraud in other realms. The Consumer Financial Protection Bureau (“CFPB”) had an active enforcement year. Several of the...

Top Ten State Fraud Recoveries of 2022

State and local governments play a critical role in ensuring that businesses and individuals are held accountable if they commit healthcare fraud, financial fraud, government contract fraud, and more. For whistleblowers, state governments can offer additional opportunities to report wrongdoing. Where government funds are at stake – and state and local government spending reaching $3 trillion annually – more than 30 states have False Claims Acts that are modeled after...

Top Ten FCPA Recoveries of 2022

In recent years, the United States government has recovered billions of dollars going after companies that bribe foreign officials in order to further their business interests, a practice that violates the Foreign Corrupt Practices Act (FCPA). Two principal United States government agencies, the Department of Justice and the Securities and Exchange Commission, investigate and prosecute FCPA violations. Whistleblowers who report FCPA violations to the SEC Whistleblower Program may be eligible to collect...

Top Ten Money Laundering Enforcement Actions of 2022

2022 was a big year for money-laundering enforcement.  It marked the first full year that the new FinCEN money laundering whistleblower office was up and running.  And, even more remarkably, by the end of the year, the FinCEN program expanded to welcome whistleblowers with information related to sanctions violations after Constantine Cannon attorneys called for this legal change following the Russian invasion of Ukraine.  This newly robust program shows the...

Six Constantine Cannon Attorneys Recognized in “2022 Lawdragon 500 Leading Plaintiff Financial Lawyers” Edition

Constantine Cannon is pleased to announce that six of its attorneys have been named to Lawdragon’s “500 Leading Plaintiff Financial Lawyers” list. According to Lawdragon, this annual list recognizes the top attorneys in the nation who represent plaintiffs in securities and other business litigation, antitrust, whistleblower claims, and increasingly complex financial litigation and data privacy invasions. The list of Constantine Cannon honorees includes a diverse group of deeply-experienced attorneys in...

SEC Keeps Crypto Fraud in Its Sights Through Expanded Enforcement Team

The SEC announced on May 3 that it was dramatically expanding its Cyber Unit and renaming the team the Crypto Assets and Cyber Unit.  The newly enlarged team will now include fully 50 enforcement personnel. The expanded team shows that the SEC is continuing to see crypto fraud as a major enforcement priority.  As the number of digital currencies continue to grow and the increasing number of new investors in...

Plaintiff Class Appeals Antitrust Decision in Sutter Health Case

Case to be appealed to Ninth Circuit; jury made decision based on incorrect legal instructions and incomplete evidence Today, the Plaintiffs in an antitrust case entitled Sidibe et al. v. Sutter Health are announcing their decision to appeal the Final Judgment entered in that case.  The suit alleged that defendant Sutter Health, a dominant hospital system in numerous Northern California markets, caused approximately $411 million in damages to the members...

March 28, 2022

The CFTC has awarded four whistleblowers $625,000 for their contributions to the agency’s enforcement actions.  Three of the whistleblowers provided support jointly, while a fourth provided a high level of assistance.  CFTC

March 18, 2022

The CFTC has made a $10 million award to a whistleblower whose tip sparked an investigation, and whose supplemental information helped move it along.  CFTC