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Whistleblower News From The Inside — August 19, 2016

Posted  August 19, 2016

By the C|C Whistleblower Lawyer Team

Deutsche Bank whistleblower rebuffs $8.25M SEC award — Eric Ben-Artzi, a former Deutsche Bank risk officer turned whistleblower who helped reveal false accounting at Deutsche Bank, has refused an $8.25 million award from the SEC because of the agency’s failure to punish bank executives, adding that “Deutsche did not commit this wrongdoing. Deutsche was the victim.”  Reuters

Indiana awards $95k to JPMorgan whistleblower in first ever award — Indiana Secretary of State Connie Lawson awarded the first whistleblower award in the state of Indiana to a whistleblower who provided information that clients of JPMorgan who invested funds into a discretionary account were not properly informed about additional options outside of JPMorgan, leading to a $950k settlement.  Indiana Secretary of State

Exxon Mobile fraud inquiry to focus on future, not past — In an extensive interview, NY Attorney General Eric T. Schneiderman said that his investigation was focused less on the distant past and more on relatively recent statements by Exxon Mobil related to climate change and what it means for the company’s future, saying “if, collectively, the fossil fuel companies are overstating their assets by trillions of dollars, that’s a big deal…there may be massive securities fraud here.”  New York Times

Russian whistleblower Stepanova treated ‘very poorly’ — International Olympic Committee member Dick Pound said “I think collectively we have treated Stepanova very poorly and I think that would have a tendency to put a wet blanket over any other whistleblowers, who’ll say, ‘look what happened to them. Why am I going to expose myself to all this danger?’”  Reuters

2 convicted and 5 acquitted in BP oil spill fraud case — A jury convicted two people Thursday of making up fake clients — including names of the dead, people who never gave permission to be represented and even a dog’s name — on a list of 40,000 people to sue BP after the 2010 Gulf of Mexico oil spill, but acquitted a Texas lawyer and those closest to him of fraud and other charges.  New York Times