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Whistleblower News from the Inside - November 7, 2014

Posted  November 7, 2014

By the C|C Whistleblower Lawyer Team

Whistleblowers say airbag manufacturer hid risk of failure – Two former employees say Japanese airbag manufacturer Takata secretly conducted tests on its airbags and found that the steel inflaters cracked, which can lead to rupture, but Takata executives ordered the technicians to delete the testing data from their computers and to throw away the evidence.  NYT

Home health agency VNS admits defrauding Medicaid out of millions – Visiting Nurse Service of New York agreed to pay $35 million after admitting that 1,740 Managed Long-Term Care Plan members were ineligible for services and for providing substandard services at Adult Social Day Care centers.  DOJ

Interview with $9 billion Chase whistleblower – Alayne Fleischmann is the central witness in one of the biggest cases of white collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion to keep the public from hearing.  Rolling Stone

Manhattan preschool teacher who alleged abuse sues over firing —  A teacher who reported allegations that a coworker was touching students inappropriately, and was subsequently fired, sued the Manhattan preschool, International Preschools in Midtown Manhattan, saying her termination violated whistleblower protection laws.    NYT

Michigan city settles SEC fraud charges in municipal bond sale — The city of Allen Park, Michigan and two of its former officials settled fraud charges related to the sale of a $31 million municipal bond issue to raise funds for a movie studio project to spur needed economic development.  WSJ

Texan charged in first bitcoin securities fraud Ponzi case — A Texas man who operated Bitcoin Savings and Trust charged with bilking his investors by misappropriating about 146,000 of the 764,000 bitcoin, then worth more than $4.5 million, that he raised from September 2011 to September 2012 by promising investors “absurdly high” interest rates.  Reuters