Whistleblower Rewards
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Largest-Ever Whistleblower Award Nets CFTC Tipster Almost $200 Million
Posted 10/22/21
October 21, 2021
The CFTC has issued a final award of nearly $200 million to a whistleblower whose information significantly contributed to government investigations resulting in successful enforcement actions by the CFTC, another U.S. federal regulator, and a foreign regulator. In making the award, the CFTC noted that the information provided by the whistleblower was specific and credible, leading to important, direct evidence of wrongdoing, as well as voluntarily provided and timely, even though the CFTC already had an open investigation at the time of the whistleblower’s report. The CFTC had first issued a preliminary order denying the individual’s application; the whistleblower requested reconsideration and provided information about how his information was utilized, including in the parallel investigations. CFTCOctober 15, 2021
The SEC has granted awards totaling approximately $40 million to two whistleblowers whose contributions helped result in a successful enforcement action. Approximately $32 million went to a whistleblower whose tip about difficult-to-detect violations launched the investigation, and who then helped agency staff understand complex fact patterns and identify witnesses. The remaining $8 million went to a whistleblower who reported new information but who waited years before reporting wrongdoing to the agency. SECOctober 8, 2021
U.S. Medical Management, LLC (USMM) and VPA, P.C. (VPA) have agreed to pay $8.5 million to resolve claims raised in five separate qui tam lawsuits that USMM and VPA billed Medicare for medically unnecessary laboratory and diagnostic testing services between 2010 and 2015. Although the government did not join any of the lawsuits, the whistleblower who filed first will receive $1.53 million under the alternate remedy provision of the False Claims Act. USAO EDMIOctober 6, 2021
Defense contractor Crane Company has agreed to pay over $4.5 million to resolve allegations of violating the False Claims Act. According to a former Crane employee, Corla Jacobson, the failures occurred between 2011 and 2017 and involved selling the U.S. Navy high performance butterfly valves that did not conform to military specifications. For initiating a successful qui tam action, Jacobson will receive a relator’s share of over $850,000. USAO SDTXA Billion in the Bank and Still No End In Sight For SEC’s Warm Embrace of Whistleblowers
Posted 10/1/21
