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.
In Their Own Words… GAO’s Report On “Protections For Whistleblowers and Others: Selected Agency Actions Regarding Reports of Potential Wrongdoing”
Posted 03/11/26
By the Constantine Cannon Whistleblower Team
On March 4, the U.S. Government Accountability Office (GAO) released a report titled “Protections For Whistleblowers and Others: Selected Agency Actions Regarding Reports of Potential Wrongdoing.” The report touted whistleblower reward programs and described how federal agencies encourage and protect whistleblowers.[1] Here are some highlights from the report:
SEC Annual Whistleblower Report Confirms Drop Off In Whistleblower Awards
Posted 03/11/26
By the Constantine Cannon Whistleblower Team
Last month (February 11), the Securities and Exchange Commission (SEC) issued its Annual Whistleblower Report to Congress where it details the highlights of the SEC Whistleblower Program for the most recent year.[1] Unfortunately, there was not all that much to report given the drop off in SEC whistleblower awards and activity for 2025. That may explain why the...
FinCEN Imposes Record $80 Million Fine on Canaccord Genuity LLC for Alleged BSA Violations Linked to Securities Fraud
Posted 03/11/26
By the Constantine Cannon Whistleblower Team
The U.S, Treasury Department's Financial Crimes Enforcement Network (FinCEN) imposed an $80 million civil monetary penalty on Canaccord Genuity for willful violations of the Bank Secrecy Act (BSA). The BSA is the primary law for combating money laundering and terrorism financing, designed to protect the financial system from illicit activity. This penalty is the...
Former NFL Player Turned Lab Owner Convicted in $328 Million Genetic Testing Fraud Scheme
Posted 03/4/26
By the Constantine Cannon Whistleblower Team
In February, a federal jury in Texas convicted lab owner Keith J. Gray, a former NFL player, for his role in a $328 million genetic testing fraud scheme involving two clinical labs he owned and operated: Axis Professional Labs LLC (Axis) and Kingdom Health Laboratory LLC (Kingdom).[1] The jury found Gray guilty of (1) conspiracy to defraud the United States and to...
DOJ Settles Constantine Cannon Whistleblower Client's False Claims Act Allegations of Incentive Compensation Ban Violations
Posted 03/3/26
By the Constantine Cannon Whistleblower Team
Last Tuesday (February 24), the Department of Justice (DOJ) announced that Massachusetts-based Study Across the Pond (SATP) and its principal John Borhaug agreed to pay $1.3 million to settle allegations they violated the False Claims Act through improper recruiting practices of U.S. students for study abroad.[1] Constantine Cannon -- co-counseling with Whistleblower...
Top 10 Non-Healthcare False Claims Act Recoveries in 2025
Posted 02/25/26
By the Constantine Cannon Whistleblower Team
As the Department of Justice (DOJ) trumpeted in its annual False Claims Act roundup, 2025 was another record year for False Claims Act recoveries. The Government recovered $6.9 billion last year, the largest single-year amount ever under the statute. This brings the total tally of False Claims Act recoveries to more than $85 billion since 1986.
More than 80% of...
Whistleblower-Originated Case Leads to Settlement: St. Margaret’s Center Nursing Home to Pay $1.3M To Resolve False Claims Act Case
Posted 02/25/26
By the Constantine Cannon Whistleblower Team
On February 12, the First Assistant U.S. Attorney for the Northern District of New York, John A. Sarcone III, announced that a skilled nursing facility, the Center for Disability Services Holding Corporation, d/b/a St. Margaret’s Center (“SMC”), agreed to pay $1,300,000 to settle allegations it violated the False Claims Act “by billing for care that was...
Calling All AML/Sanctions Whistleblowers -- FinCEN Wants to Hear From You
Posted 02/25/26
By the Constantine Cannon Whistleblower Team
Two weeks ago (on February 13), the Treasury Department announced that its Financial Crimes Enforcement Network (FinCEN) has “launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering, and sanctions violations.”[1]
What Is the AML/Sanctions Whistleblower Program?
The dedicated site is the latest development of...
UPDATE: SafeMoon CEO Sentenced to 100 Months in Prison for Multi-Million Crypto-Fraud Scheme That Allegedly Funded Lavish Lifestyle
Posted 02/25/26
By the Constantine Cannon Whistleblower Team
On February 10, SafeMoon CEO Braden John Karony was sentenced to 100 months in prison for conspiracy to commit securities fraud, wire fraud, and money laundering connected to a scheme to defraud investors with a digital asset named “SafeMoon.”
Karony was also ordered to forfeit roughly $7.5M. Restitution for victims will be determined at a later date. Karony was...
