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International Whistleblowers

This archive displays posts tagged as relevant to international whistleblowers and whistleblower cases arising outside the U.S. You may also be interested in the following pages:

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October 2, 2019

Brokerage firm Lek Securities Corp. and its CEO Sam Lek will pay almost $2 million to resolve allegations that they facilitated the manipulative trading scheme of Ukraine-based customer Avalon FA, Ltd.  Lek provided Avalon with the means to engage in "layering" and other cross-market manipulation.  Layering involves placing and canceling orders to signal inaccurate prices.  Avalon also engaged in other practices to buy and sell stocks to artificially impact options prices.  Lek Securities will pay a $1 million penalty plus $526,000 in disgorgement and interest; Sam Lek will pay a $420,000 penalty.  Defendants have admitted the facts alleged and Lek Securities has agreed to retain an independent compliance monitor.  SEC

How to Report Visa Fraud for a Whistleblower Reward

Posted  09/25/19
Statute of Liberty overlooking NY harbor
Last week, the government announced that India-based management consulting firm Mu Sigma would pay $2.5 million to settle claims that it evaded H-1B visa requirements and brought employees to the U.S. on B1 visitor visas, misrepresenting the nature of their intended employment. In announcing the settlement, Immigration and Customs Enforcement stated that the Mu Sigma investigation was launched by a whistleblower...

August 29, 2019

The SEC announced that a whistleblower has been awarded $1.8 million for reporting misconduct committed abroad.  According to the SEC, the whistleblower’s tip and extensive cooperation—including providing ongoing information, document review, and sworn testimony—were critically important to bringing about a significant enforcement action.  SEC

Tech Whistleblowers Needed: Inquire Within

Posted  08/16/19
Facebook, Google, Samsung, Microsoft – we rely on large tech companies to safeguard our privacy and time and again they let us down. Yet tech companies are known to be highly selective employers, hiring the best and brightest and often paying better than companies in other industries. So how is it that they remain vulnerable to data breaches with such talent at their disposal? Cisco whistleblower James Glenn has...

Constantine Cannon Client’s Historic False Claims Act Settlement Against Cisco for Cybersecurity Fraud Makes Headlines

Posted  08/9/19
Numbers One and Zero for Coding with Word Hacked
If you’ve ever seen a heist movie, you likely know the scene. The technology-savvy member of a motley crew of criminals is huddled in a van or in a secret lair, surrounded by monitors. After a tense few minutes of maniacal typing, he or she yells “I’m in!” and hacks into the video surveillance system of the target hotel/casino/museum. In an instant, the cameras switch off or go to a pre-taped reel, and the...

Cisco Systems, Inc. – Government Contract Fraud/Non-Conforming Product ($8.6 million)

Constantine Cannon represented whistleblower James Glenn against Cisco in the first cybersecurity whistleblower case ever successfully resolved under the False Claims Act. Cisco Systems, Inc. agreed to an $8.6 million settlement to resolve allegations it knowingly sold vulnerable video surveillance software to federal, state and local government agencies, exposing government systems to the risk of unauthorized access and the manipulation of vital information. The whistleblower, who worked in Europe for a Cisco partner, had reported critical security vulnerabilities in the software to Cisco, but Cisco had continued to sell the technology to government entities, including the District of Columbia and 15 states, despite the fact that the software failed to comply with FAR procurement standards that require basic cybersecurity controls, including those set forth by the National Institute of Standards and Technology.  Read more: Press Release; Whistleblower Insider

Cisco Whistleblower Represented by Constantine Cannon Wins First-Ever False Claims Act Settlement for Cybersecurity Fraud

Posted  07/31/19
Cisco company sign
In the first cybersecurity whistleblower case ever successfully litigated under the False Claims Act, Cisco Systems, Inc. has agreed to an $8.6 million settlement to resolve allegations it knowingly sold vulnerable video surveillance software to federal, state and local government agencies, exposing government systems to the risk of unauthorized access and the manipulation of vital information. This qui tam...

Partner Eric Havian Leads Panel with Leaders of SEC, CFTC, IRS Whistleblower Programs

Posted  05/2/19
Aerial view of Miami Beach
For the second year in a row, Constantine Cannon Partner Eric Havian led a panel at OffshoreAlert’s annual North American conference on Financial Intelligence and Investigations that included representatives from each of the major U.S. financial whistleblower programs. The panel, entitled “Enriching Domestic & Foreign Whistleblowers: The Growth & Spreading Reach Of U.S. Programs” included SEC Whistleblower...

New EU Rules Give Protection to Whistleblowers

Posted  04/26/19
European Union flags in front of EU Headquarters building
On April 16, 2019, a new directive was adopted by the European Parliament aimed at encouraging reports of wrongdoing and protecting whistleblowers from retaliation. The new rules guarantee greater levels of protection for whistleblowers who report breaches of EU law in several sectors, including financial services, money laundering, product safety, data protection, environmental protection and nuclear safety. EU...

Question of the Week — Will we see you at the OffshoreAlert Conference?

Posted  04/24/19
Aerial view of Miami Beach
Publisher OffshoreAlert, which bills itself as “the unofficial financial regulator” and specializes in reporting about offshore financial centers with an emphasis on fraud investigations, is hosting its annual North American conference on Financial Intelligence & Investigations on April 28-30th in Miami, Florida. For a second year, Constantine Cannon Partner Eric Havian will lead a panel with representatives...
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