Enacted in the aftermath of Enron, WorldCom. and several other scandals, the Sarabanes-Oxley Act (SOX) of 2002 contains 11 sections that regulate how all publicly traded companies in the U.S. handle their accounting and record keeping. Also known as the "Public...
Blow The Whistle
And Do The Right Thing
At Fischer Legal Group, we help clients aggressively pursue justice in qui tam cases.
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Year: 2022
SEC awards $37 million to whistleblower
On December 19, the Securities and Exchange Commission announced a $37 million award to a whistleblower whose information led to successful enforcement and related actions. The SEC did not indicate what company the action was against, but the Wall Street Journal...
The collapse of FTX highlights need for crypto whistleblowers
The recent collapse of cryptocurrency exchange FTX, whose value went from $32 billion to $0 in a few weeks, has led many to call for more regulation. Some see it as a similar moment to when Enron went bankrupt after illegal accounting practices and the 2008 downfall...
Owners of diagnostic testing facilities are sentenced
Two co-owners of several New York area diagnostic testing facilities were sentenced on December 1 to three years in prison each for their roles in an $18.5 million healthcare fraud scheme. The two owners, who are married, paid kickbacks for referrals if the...
Queens pharmacy owners plead guilty to fraud
Two men face up to 20 years in prison after admitting that they created a Medicare fraud scheme during the pandemic. According to the Justice Department, Arkadiy Khaimov and Peter Khaim submitted millions of dollars in false Medicare claims and funneled $18 million...
SEC announces whistleblower results for 2022
The Securities Exchange Commission (SEC) Office of Whistleblowers announced another record-breaking year in whistleblower rewards. In fiscal year (FY) 2022, the SEC awarded 103 recipients $229 million. This is the second-highest result of any year in the amount...
Nominee for IRS Commissioner supports whistleblower incentives
Earlier this month, the White House announced the President's intent to nominate Danny Werfel as Commissioner of the Internal Revenue Service (IRS), calling him a "public and private sector leader who has served both Democratic and Republican administrations." Werfel...
FCA whistleblowers protected regardless of outcome
Anyone with insider knowledge who identifies and exposes defrauding, stealing and cheating government programs can file a qui tam lawsuit. This led to 598 lawsuits on behalf of the government in 2021, which recovered $5.6 billion in judgments under the False Claim Act...
Risk adjustment fraud is a growing problem in healthcare
Fraudulent billing continues to be a major issue throughout the healthcare industry. We have discussed various cases and settlements over time. A topic within this realm that seems to grow in importance is the risk adjustment fraud that occurs concerning the...
Government settles with Native American victims abused by doctor
Despite numerous complaints of inappropriate behavior, Dr. Stanley Patrick Weber worked for decades at federal Indian Health Service (HIS) hospitals, mainly in Montana and South Dakota. The government agreed to pay $14.5 million to eight sexual abuse victims, each...
