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Over 20 Years Standing Up For Whistleblowers In Nationwide Fraud Litigation
The U.S. House of Representatives passed the Whistleblower Protection Improvement Act (WPIA) on September 15, 2022. The vote on the bipartisan bill was 221-203. The bill is designed to expand whistleblower protections for federal employees, notably granting employees...
The Securities and Exchange Commission has awarded more than $1.3 billion to 281 whistleblowers since 2012. It can now add two more people and more money to that list after an August 9 announcement of $16.3 million to two whistleblowers who provided useful information...
Noted short seller Carson Block and his equity firm Muddy Waters LLC and a former business associate Kevin Barnes are in dispute over a $14 million whistleblower award by the SEC enforcement action in 2015. In a lawsuit not involving this firm but filed in the New...
Whistleblowers may be awarded between 10% and 30% of the funds recovered by government agencies. Of course, there are specific rules for getting that money, and one of them is that the whistleblower must voluntarily come forward with useful information for a...
The IRS released its annual report on its whistleblower program. The amount collected dropped from $1.44 billion in 2018 to $245 million in 2022. Whistleblower awards also dropped to about 10% ($34.5 million) of the amount awarded in 2018. This precipitous drop has...
In recent years, Fresenius Medical Care made headlines for bribes paid in Angola and Saudi Arabia and for shoddy bookkeeping in several other countries. In light of these and other irregularities, the U.S. Department of Justice (DOJ) is monitoring the German-based...
The Securities and Exchange Commission (SEC) announced on April 25 that it awarded $6 million to two groups of whistleblowers. According to a redacted order, both provided information assistance to a single covered action. The SEC published no names and did not...
The Anti-Money Laundering (AML) Act of 2020 was enacted in 2021 to incentivize whistleblowers to report money laundering to the Treasury Department. The incentives were monetary rewards for helpful information and new whistleblower protections that reflected the...
The Securities and Exchange Commission has awarded $14 million to an unnamed individual who published a detailed report on ongoing fraud by unidentified perpetrators. Despite providing credible evidence and valuable insights in the initial report, the agency initially...
New York Labor Law § 740 was amended and enacted on January 26, 2022. It significantly strengthens and expands the reach of worker protections in the private sector who allege retaliation for various actions, including whistleblowing. The new law includes the...