Importance of Whistleblowers Archives - Page 14 of 32

Colorado Law Offers Rewards for Whistleblowers Reporting Workplace Health and Safety Violations

Posted 08/14/20

As lock-downs and business shutdowns continue in the U.S., essential workers continue to report to work, providing healthcare, putting food on our tables, delivering goods and service, ensuring public safety, and more. These essential workers may face serious risks as they perform their jobs, often as a result of workplace health and safety violations by employers. Responding to the unique challenges of the...

Tagged in: COVID-19, FCA State, Importance of Whistleblowers, Legislation and Regulation News, Whistleblower Protection Laws,

Catch of the Week: Interactive Brokers Pays $38 Million for Failures in Money-Laundering and Supervision

Posted 08/14/20

Brokerage firm Interactive Brokers LLC will pay $38 million in penalties to settle charges from multiple U.S. market regulators regarding its anti-money laundering practices, including alleged failures to file suspicious activity reports (SARs). The discount broker has paid an $11.5 million penalty to settle charges with the Securities and Exchange Commission over the deficiencies in its internal controls that...

Tagged in: Catch of the Week, CFTC Whistleblower Reward Program, Financial and Investment Fraud, Financial Institution Fraud, Importance of Whistleblowers, Money Laundering, Regulatory Violations, SEC Whistleblower Reward Program,

The FCPA’s Accounting Provisions Get a Fresh Look from the SEC

Posted 08/13/20

In the New York Law Journal this week, we published an article discussing a heartening trend in the SEC’s enforcement of the Foreign Corrupt Practices Act, a law that has yielded some of the largest SEC fines and recoveries: an increased willingness to ground enforcement actions in the accounting provisions of the FCPA. The FCPA broadly prohibits two different kinds of conduct. First, businesses may not bribe...

Tagged in: FCPA, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Eligibility, Whistleblower Protection Laws, Whistleblower Rewards,

Whistleblowers could bring in money for Kansas — Why did lawmakers say no?

Posted 08/7/20
By Gordon Schnell

So here is a question for the powers that be in Topeka. If you could reduce the amount of fraud against the state and its municipalities, recover tens of millions of dollars a year in the process and better protect the health and welfare of all Kansans, would you do it? It seems like a no-brainer by any account. Especially these days, with Kansas -- like most states and municipalities around the country -- at...

Tagged in: CC Lawyers, FCA Federal, FCA State, Importance of Whistleblowers,

New Settlement Shows the Power of Whistleblowers to Root out Fraud against Private Insurers

Posted 08/6/20

The nation’s biggest insurers, Medicare, Medicaid, and TRICARE already incentivize whistleblowers to report fraud. Because those programs are federally-funded, a whistleblower can bring suit under the False Claims Act and share in 15-30% of the recovery. The FCA is a law that allows private individuals alleging fraud against the government to bring a lawsuit in the name of the United States. The law leads to about...

Tagged in: FCA Federal, Importance of Whistleblowers, Pharma Fraud, Private Insurance Whistleblower Reward Programs, Whistleblower Case, Whistleblower Eligibility, Whistleblower Rewards,

This Week in Whistleblower History: The First Whistleblower Protection Law

Posted 07/31/20

a gavel and book titled "WHISTLEBLOWER LAW"

This week marks the eighth year in a row that Congress has designated July 30^th National Whistleblower Day, honoring the occasion, on July 30, 1778, when the Continental Congress unanimously enacted the first whistleblower protection law in the United States. The celebration this year is particularly poignant in light of the recent mistreatment of government whistleblowers, notably Lt. Colonel Alexander...

Tagged in: Importance of Whistleblowers, Whistleblower Eligibility, Whistleblower Protection Laws,

CFTC Whistleblower Hot Streak Continues with $9 Million Award

Posted 07/28/20

a silver whistle on top of a stack of cash

This week, the Commodity Futures Trading Commission (CFTC) announced a new whistleblower award of approximately $9 million, one of the five largest awards ever paid by the agency. It is the latest in a wave of awards—four over the last three months, all over $1 million—demonstrating the CFTC’s strong commitment to its whistleblowers. These awards make good on CFTC Enforcement Director James McDonald’s...

Tagged in: CFTC Whistleblower Reward Program, FCPA, Importance of Whistleblowers, Whistleblower Protection Laws, Whistleblower Rewards,

Constantine Cannon’s London Office Provides Response to Ireland’s Request for Consultation on the Transposition of the EU Whistleblowing Directive

Posted 07/24/20

Members of the Constantine Cannon London whistleblower team, Mary Inman, Carolina González, and Alicja Dijakiewicz-Kocon, recently prepared and submitted a response to the Irish government’s request for public consultation on the transposition of the new EU Whistleblowing Directive. The Directive, which must be transposed into the national laws of EU Member States by 2021, establishes a common minimum standard for...

Tagged in: CC Lawyers, Importance of Whistleblowers, International Whistleblowers, Legislation and Regulation News,

COVID Fraud of the Week: Washington State Man Charged with Attempting to Launder COVID-19 Relief Money

Posted 07/24/20

On July 23rd, the Department of Justice announced that Mukund Mohan, a Washington state tech company executive, was taken into custody for allegedly laundering money he fraudulently received through the COVID-19 related Paycheck Protection Program (“PPP”). After receiving funds through the program, Mohan allegedly transferred over $230,000 to his personal brokerage account. These charges mark another instance of...

Tagged in: Catch of the Week, COVID-19, Financial and Investment Fraud, Importance of Whistleblowers, Money Laundering,

What Potential Whistleblowers Need to Know About the Dodd-Frank Act

Posted 07/21/20

Topics Covered Here:

History of the Dodd-Frank Whistleblower Program
Understanding the Dodd-Frank Whistleblower Provisions
The Differences Between Dodd-Frank Whistleblower Cases and False Claims Act Cases

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, Importance of Whistleblowers, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Answers,

Contact

Click here for a confidential contact or call:

Tags

Importance of Whistleblowers

Colorado Law Offers Rewards for Whistleblowers Reporting Workplace Health and Safety Violations

Catch of the Week: Interactive Brokers Pays $38 Million for Failures in Money-Laundering and Supervision

The FCPA’s Accounting Provisions Get a Fresh Look from the SEC

Whistleblowers could bring in money for Kansas — Why did lawmakers say no?

New Settlement Shows the Power of Whistleblowers to Root out Fraud against Private Insurers

This Week in Whistleblower History: The First Whistleblower Protection Law

CFTC Whistleblower Hot Streak Continues with $9 Million Award

Constantine Cannon’s London Office Provides Response to Ireland’s Request for Consultation on the Transposition of the EU Whistleblowing Directive

COVID Fraud of the Week: Washington State Man Charged with Attempting to Launder COVID-19 Relief Money

What Potential Whistleblowers Need to Know About the Dodd-Frank Act

Newsletter

Subscribe to receive email updates from the Constantine Cannon blogs

Sign up for: