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Over 20 Years Standing Up For Whistleblowers In Nationwide Fraud Litigation
A Southern District of Florida jury convicted a Georgia man for a $463 million scheme to defraud Medicare by submitting unnecessary tests conducted by his lab. According to the Department of Justice, the defendant arranged unnecessary genetic tests using kickbacks to...
On January 5, Attorney General Letitia James filed a lawsuit against Celsius and Alex Mashinsky, the former CEO and co-founder of the cryptocurrency lending platform Celsius Network LLC. The suit alleges that the now-bankrupt company defrauded 26,000 New Yorkers and...
The U.S. Senate voted unanimously to approve the Anti-Money Laundering Whistleblower Improvement Act (AMLA) on December 7, 2022. The bill known as S.3316/H.R. 7195 is part of the $1.7 trillion Consolidated Appropriations Act of 2023, an Omnibus spending package that...
A three-judge panel at the D.C. Circuit Court of Appeals rejected an appeal by a former Morgan Stanley lawyer based in Asia who claims he was forced to resign. The judges again determined that whistleblower protections enjoyed in the U.S. do not apply to employees...
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...
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 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...
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...
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...
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...