Whistleblower News From The Inside -- April 20, 2018

By the C|C Whistleblower Lawyer Team

Wells Fargo Fined $1 Billion Over Consumer-Business Missteps – Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations. Bloomberg

Lance Armstrong Agrees to Pay $5 Million to Settle False Claims Allegations – Former professional cyclist Lance Armstrong agreed to pay the United States $5 million to resolve a lawsuit alleging that his admitted use of performance-enhancing drugs and methods (“PEDs”) resulted in the submission of millions of dollars in false claims for sponsorship payments to the U.S. Postal Service (“USPS”), which sponsored Armstrong’s cycling team during six of the seven years Armstrong appeared to have won the Tour de France, the Department of Justice announced today. DOJ

5 indicted in alleged $80 million California recycling fraud – California has charged five people with defrauding the state’s recycling program out of $80.3 million — the largest alleged fraud scheme in the program’s history, officials said Thursday. ABC News