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Whistleblower Insider Blog

Whistleblower Insider is written by the Constantine Cannon law firm team of experienced qui tam and whistleblower lawyers. It is updated regularly to provide the latest whistleblower and fraud news and developments.

Whistleblower News From The Inside — September 13, 2016

Posted  09/13/16
By the C|C Whistleblower Lawyer Team How the sugar industry shifted the blame to fat -- "The sugar industry paid scientists in the 1960s to play down the link between sugar and heart disease and promote saturated fat as the culprit instead, newly released historical documents show."  NYT  Wall Street whistleblowers reap millions -- The SEC has paid out more than $100 million in awards since the Dodd-Frank...

Mind the GAAP: REIT Accounting Fraud May Land Two in Jail

Posted  09/12/16
By the C|C Whistleblower Lawyer Team Given the general frustration over the dearth of cases against individuals involved in the financial crisis, it’s heartening to see official action taken against financial fraudsters. Such was the case late last week, when Manhattan prosecutors arrested Brian S. Block, the former CFO of American Realty Capital Properties, on charges he made false filings and committed...

In Their Own Words — Monsanto Whistleblower

Posted  09/12/16

-- “THE COMPANY GOT FINED AND SOME MONEY CHANGED HANDS, BUT THAT’S NOT THE ANSWER, MANAGEMENT NOT BEING HELD ACCOUNTABLE, THAT STILL BOTHERS ME. I WENT INTO THIS TO GET THAT FIXED, AND THAT DIDN’T GET FIXED.”

The Monsanto whistleblower who recovered $22 million in an SEC enforcement action on Monsanto’s accounting violations commenting on his displeasure at the lack of progress in fixing the root of the...

Whistleblower News From The Inside — September 9, 2016

Posted  09/12/16
By the C|C Whistleblower Lawyer Team  Monsanto Whistle-Blower: $22 Million Richer, but Not Satisfied — The Monsanto whistleblower who recovered $22 million after bringing to light multiyear accounting violations feels he has earned only a hollow victory. The whistleblower, who remains anonymous to protect his future career prospects, feels that his goal of getting the issues at Monsanto fixed was not met and...

In Their Own Words -- Cordray

Posted  09/9/16

--  “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences."

The Consumer Financial Protection Bureau Director Richard Cordray commenting on the Wells Fargo unauthorized bank account and product fraud case.  Click here for more.

Tax Haven Weather Forecast: More Sunshine to Come

Posted  09/9/16
By Max Voldman Despite the UK’s  reputation for rain, British legislators are trying expose tax havens to sunshine. The United Kingdom’s House of Commons (Britain’s lower legislative body) unanimously approved a bill that would force multinational corporations to publicly report where they make their money and how much tax they pay (so called country-by-country reporting). If this were to become law, it...

CFTC Proposes Significant Changes to Its Whistleblower Program

Posted  09/9/16
By Jason Enzler Last week the U.S. Commodity Futures Trading Commission (CFTC) proposed extensive amendments to the regulations implementing its five-year old whistleblower program.  If adopted, the changes would expand and clarify its whistleblower protections, the scope of who can enforce whistleblower protections, the bases for how awards to whistleblowers will be calculated, and the process by which...

DOJ Catch of The Week - US Healthcare Supply/Oxford Diabetic Supply

Posted  09/9/16
By the C|C Whistleblower Lawyer Team This week's Department of Justice "Catch of the Week" goes to medical equipment supply companies U.S. Healthcare Supply LLC and Oxford Diabetic Supply Inc.  On Wednesday, the two companies, along with their owners and presidents, agreed to pay more than $12.2 million to resolve allegations that they violated the False Claims Act by making unsolicited calls to Medicare...

Whistleblower News From The Inside -- September 9, 2016

Posted  09/9/16
By the C|C Whistleblower Lawyer Team Wells Fargo will pay $190 million to settle customer fraud case – Wells Fargo will pay $185 million in penalties and $5 million to customers that regulators say were pushed into costly financial products that they did not need or even request.  Regulators also say that Wells Fargo employees opened more than 2 million deposit and credit card accounts that may not have been...

In Their Own Words — Rodney Lipscomb

Posted  09/8/16

 -- “THERE WAS A FINAL SENSE OF JUSTICE, OF ‘WOW SOMETIMES IN OUR COUNTRY WE PREVAIL AND THERE’S JUSTICE.’”

ITT Technical Institutes whistleblower Rodney Lipscomb, commenting on the Institutes’ recent collapse, weeks after the Department of Education banned it from enrolling new students using federal financial aid. Read more here.
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