Whistleblower News From The Inside -- January 19, 2017

By the C|C Whistleblower Lawyer Team

Medical device company settles FCPA charges for $14M – Texas-based medical device company Orthofix agreed to pay $14M to the SEC to settle charges it paid doctors at Brazilian government-owned hospitals in exchange for increased sales of its medical devices. SEC

Whistleblower suit alleges widespread problems at bank run by Treasury nominee Mnuchin – Whistleblowers connected to OneWest, the California mortgage lender once run by Treasury Secretary nominee Steven T. Mnuchin, accused the bank in federal court of mishandling over a thousand loan modification applications during Mnuchin’s tenure; the mishandled loans may have cost many borrowers their homes. The Washington Post

Ad company settles accounting fraud violations for $1.5M – Advertising company MDC Partners settled SEC allegations it misused “non-GAAP” financial measures to artificially boost organic revenue growth for 2012 and 2013. MDC also allegedly failed to reveal perks it provided to its former CEO, include usage of a private-jet, plastic surgery, and pet care. The Wall Street Journal