Have a Claim?

Click here for a confidential contact or call:

1-212-350-2774

Whistleblower News From the Inside -- June 30, 2017

Posted  June 30, 2017

By the C|C Whistleblower Lawyer Team

Mastermind of Lottery Fraud Admits He Rigged Jackpots — A man who helped write the computer code behind several U.S. lotteries, including some of its biggest, pleaded guilty Thursday to masterminding a scheme through which he rigged the winning numbers for jackpots in several states and collected millions of dollars. CNBC

Online Fraud Overlooked by Government, Says Watchdog — Online fraud has been “overlooked” by the government, police and business, according to public spending watchdog the National Audit Office. Almost two million cyber-related fraud incidents were estimated to have taken place last year. The Home Office said government, the police and industry were working together to tackle the problem. BBC

SEC Will Allow All Companies to File Secretly for IPOs — Wall Street’s top regulator said on Thursday it would allow all companies to file paperwork confidentially for initial public offerings (IPO), in a move designed to revitalize the market for share sales. The Securities and Exchange Commission (SEC) said the tool, currently restricted to companies with gross revenues of $1 billion or less, would take effect from July 10. It is the first major policy announcement by new Chairman Jay Clayton, who has said he aimed to reverse the steep decline in IPOs and give individual investors more access to smaller, successful companies. Fortune