Whistleblower News From The Inside — April 5, 2016

By the C|C Whistleblower Lawyer Team CFTC pays out first major whistleblower award -- The agency announced an award of more than $10 million to a whistleblower who provided key original information that led to a successful enforcement action for violations of the Commodity Exchange Act.  It is the third but by far the largest award to date.  CFTC Whistleblower site decries Emirates Airline -- "Speaking on condition of anonymity,...

Whistleblower News From The Inside — March 28, 2016

By the C|C Whistleblower Lawyer Team DOJ demands Novartis provide backup for 80,000 “doctor-education events” -- The Manhattan Office of the US Attorney and the whistleblower in the suit allege that Novartis provided illegal kickbacks to health-care providers through bogus educational programs at high-end restaurants and sports bars where the company’s drugs were barely discussed. Fierce Pharma DOJ and SEC charge securities professional with defrauding institutional investors -- In parallel civil and...

Whistleblower News From The Inside — February 10, 2016

By the C|C Whistleblower Lawyer Team Is it Time to Reconsider the CFTC Whistleblower Program? -- Taxpayers Against Fraud commentary on how the CFTC whistleblower program is doing.  TAF Monsanto pays $80M penalty for accounting violations -- The St. Louis-based agribusiness agreed to make the payment to settle charges it violated accounting rules and misstated company earnings as it pertained to its flagship product Roundup.  SEC Taming drug prices by...

Whistleblower News From The Inside — February 8, 2016

By the C|C Whistleblower Lawyer Team HSBC to Pay $470 Million to Settle State and Federal Claims of Mortgage Origination, Servicing, and Foreclosure Abuses -- HSBC will provide relief to consumers and payments to federal and state parties, and agrees to be bound to mortgage servicing standards and subject to independent monitoring of its compliance with the agreement.   DOJ Commodity Futures Trading Commission has spent more on administrative costs of its...

Whistleblower News From The Inside — January 22, 2016

By the C|C Whistleblower Lawyer Team CenterLight Healthcare pays $46.7m to settle Medicaid fraud claims -- CenterLight has admitted it improperly enrolled over 1,200 patients in its long term home health care program who attended or were referred by social adult day care centers and whose needs did not meet the billing criteria of the managed care plan.  SDNY DOJ CFTC launches whistleblower website -- The CFTC launched its Whistleblower...

Whistleblower News From The Inside — December 21, 2015

By the C|C Whistleblower Lawyer Team Theranos faces investigations by CMS and FDA. Former employees have filed complaints with the Centers for Medicare & Medicaid Services and the Food & Drug Administration. The complaints allege continued use of devices despite indications of major problems and submission of faulty studies. WSJ J.P. Morgan’s conflicts of interest – again. In addition to the CFTC penalty reported here on Friday, J.P. Morgan faces...

Whistleblower News from the Inside -- December 18, 2015

By the C|C Whistleblower Lawyer Team Drug C.E.O. Martin Shkreli arrested on fraud charges -- Famous for acquiring a decades-old drug used to treat an infection that can be devastating for babies and people with AIDS and, overnight, raising the price to $750 a pill from $13.50, his criminal charges brought against him actually relate to something else entirely — his time as a hedge fund manager and when he...

Whistleblower News From The Inside — December 2, 2015

By the C|C Whistleblower Lawyer Team CFTC watchdog investigating dearth of whistleblower payouts-- The Office of the Inspector General for the agency has released its semiannual report to Congress, revealing that it is probing why the CFTC makes fewer whistleblower awards than the SEC.  CFTC Whistleblowers at the National Whistleblowers Center? -- Two former lawyers at the whistleblower advocacy group claim they were fired after they attempted to unionize its...

Whistleblower News From The Inside — November 30, 2015

By the C|C Whistleblower Lawyer Team Standard Bank Plc Pays $25 million fine -- The bank was the subject of an indictment alleging failure to prevent bribery.  The settlement with the UK Serious Frauds Office included that country's first use of a deferred prosecution agreement.  Corp Crime Reporter FastTrain College owner convicted of theft, conspiracy -- The owner of the Miami for-profit college, which received $35 million in federal student loans between...

Whistleblower News From The Inside — September 30, 2015

By the C|C Whistleblower Lawyer Team CFTC to issue whistleblower award of approximately $290,000 — The CFTC issues its second reward under the CFTC Whistleblower Program.  In the announcement of the award, the Director of the CFTC’s Whistleblower Office promises, “We are committed to whistleblowers, and we value the information that they provide.”  CFTC Nursing homes bill for more therapy than patients need, U.S. Says – “Nursing homes receive far more...