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Over 20 Years Standing Up For Whistleblowers In Nationwide Fraud Litigation
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...
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...
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...
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...
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...