Whistleblower News From The Inside -- December 28, 2016

By the C|C Whistleblower Lawyer Team

Defense contractor settles FCA case for $4.5M – Advanced C4 Solutions settled charges it inflated invoices for project management and labor services for an Air Force technology project.  The settlement resolves allegations that the contractor charged for labor hours not actually worked, and charged at job classification rates for which personnel did not have the requisite credentials.  DOJ

DOJ orders whistleblower to testify in Wells Fargo criminal investigation – The U.S. Department of Justice has issued a subpoena for former Wells Fargo Banker Yesenia Guitron to testify in a criminal probe concerning Wells Fargo’s sham accounts.  Guitron is one of several employees who blew the whistle on the bank and alleged retaliation after internally reporting.  Reuters

Trump’s conflicts of interest could conflict federal employees – “[I]f Trump doesn’t completely divest his business operations and one violated federal regulations, would agency staffers hesitate to impose enforcement actions that could harm the boss’s financial interests? If the regulations were not enforced, would workers fear being retaliated against for disclosing that dereliction of duty?”  Washington Post

Deutsche Bank AG and Credit Suisse Group AG settle mortgage-backed securities allegations for combined $12.5B – Deutsche Bank and Credit Suisse agreed to pay a combined $12.5 billion to settle allegations related to the sale of mortgage-backed securities.  The European investment banks “can afford to pay these settlements without turning to shareholders for extra cash.”  Bloomberg

SEC charges lawyer with stealing investor money in EB-5 offerings – The SEC alleges California attorney Emilio Francisco diverted millions of dollars of investments intended for EB-5 projects to create jobs for U.S. workers. SEC