Whistleblowing

SEC Issues Whistleblower Awards Totaling Over $1.7 Million

Retrieved on: 
Thursday, February 25, 2021

In the first order, the SEC awarded a whistleblower over $900,000 in connection with an enforcement action and a related action.

Key Points: 
  • In the first order, the SEC awarded a whistleblower over $900,000 in connection with an enforcement action and a related action.
  • The SEC has awarded approximately $752 million to 138 individuals since issuing its first award in 2012.
  • Whistleblower awards can range from 10-30%of the money collected when the monetary sanctions exceed $1 million.
  • For more information about the whistleblower program, how to report a tip, or the new whistleblower rule amendments, visit www.sec.gov/whistleblower .

SEC Awards Almost $3 Million Total in Separate Whistleblower Awards

Retrieved on: 
Friday, February 19, 2021

Washington, D.C.--(Newsfile Corp. - February 19, 2021) - The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of almost $3 million.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - February 19, 2021) - The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of almost $3 million.
  • In the first order, the SEC awarded a whistleblower over $2.2 million for providing important, high-quality information that aided an investigation.
  • In the second order, the SEC awarded almost $700,000 to a whistleblower who alerted SEC staff to a fraudulent reporting scheme, prompting the opening of the investigation.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

First Whistleblower Case Connected to "Operation Brace Yourself" Settles for $20.3 Million

Retrieved on: 
Friday, February 5, 2021

The United States will recover $20,332,516.00 in forfeited assets in this case .

Key Points: 
  • The United States will recover $20,332,516.00 in forfeited assets in this case .
  • The False Claims Act provides whistleblowers with a share of the government's recovery.
  • Here, the whistleblower is expected to receive $4,676,478.00.
  • Ms. Albright's case played a crucial part in the success of Operation Brace Yourself.

SEC Awards Nearly $600,000 to Whistleblower

Retrieved on: 
Thursday, January 14, 2021

The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting in critical investigative leads.

Key Points: 
  • The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting in critical investigative leads.
  • The whistleblower met with staff multiple times and provided substantial assistance to the investigation that led to the SECs enforcement action, said Jane Norberg, Chief of the SECs Office of the Whistleblower.
  • No money has been taken or withheld from harmed investors to pay whistleblower awards.
  • Whistleblower awards can range from 10 to 30 percent of the money collected when the monetary sanctions exceed $1 million.

Former Assistant Director Sues SEC Over Illegal Changes to its Successful Whistleblower Program

Retrieved on: 
Wednesday, January 13, 2021

The suit seeks to vacate illegal rule changes that undermine the integrity and effectiveness of the SEC Whistleblower Programa program that he had a leadership role in developing.

Key Points: 
  • The suit seeks to vacate illegal rule changes that undermine the integrity and effectiveness of the SEC Whistleblower Programa program that he had a leadership role in developing.
  • On September 23, 2020, in a 3-2 vote, the Commission approved new rules for its whistleblower program.
  • Over the last decade, the SEC has made few missteps with its successful whistleblower program, but this was a major step backwards, said Thomas.
  • In addition to significant monetary recoveries, among his many landmark cases, he successfully represented the first officer of a public company to win an SEC whistleblower award, the first SEC whistleblower to receive criminal immunity, and the first SEC whistleblower to receive a whistleblower award because his company retaliated against him.

SEC Awards Over $1.6 Million to Whistleblower

Retrieved on: 
Tuesday, December 22, 2020

The whistleblower produced critical information about an ongoing fraudulent scheme and provided extensive assistance to the investigative staff, including by participating in meetings and furnishing high-quality evidence.

Key Points: 
  • The whistleblower produced critical information about an ongoing fraudulent scheme and provided extensive assistance to the investigative staff, including by participating in meetings and furnishing high-quality evidence.
  • Todays award demonstrates the value of whistleblowers to the SECs enforcement efforts,said Jane Norberg, Chief of the SECs Office of the Whistleblower.
  • The SEC has awarded approximately $736 million to 128 individuals since issuing its first award in 2012.
  • Whistleblower awards can range from 10-30%of the money collected when the monetary sanctions exceed $1 million.

Whistleblower Lawyers at Fraud Reporting Firm Announces Launch of New Website, FraudReportingFirm.com

Retrieved on: 
Tuesday, September 22, 2020

NEW YORK, Sept. 22, 2020 /PRNewswire/ --Fraud Reporting Firm, a law firm headquartered in New York that represents whistleblowers in national cases, has announced the launch of its new firm website, https://fraudreportingfirm.com .

Key Points: 
  • NEW YORK, Sept. 22, 2020 /PRNewswire/ --Fraud Reporting Firm, a law firm headquartered in New York that represents whistleblowers in national cases, has announced the launch of its new firm website, https://fraudreportingfirm.com .
  • The firm's new website highlights the types of whistleblower cases its attorneys handle and provides information for individuals who believe they may have information about corporate fraud.
  • This includes information about False Claims Act and Dodd-Frank Act violations, as well as whistleblower matters involving securities fraud, healthcare fraud, COVID-19 fraud, and cross-border issues.
  • Fraud Reporting Firm's whistleblower attorneys are available nights and weekends, and the firm is conducting initial consultations remotely during the COVID-19 crisis.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Notifies Mohawk Industries (MHK) Investors of Investigation into Whether Board of Directors Should be Held Accountable, Encourages Long-Time Investors to Contact Firm

Retrieved on: 
Saturday, July 18, 2020

On July 13, 2020, Mohawk disclosed it received subpoenas issued by the U.S.

Key Points: 
  • On July 13, 2020, Mohawk disclosed it received subpoenas issued by the U.S.
  • Attorneys Office for the Northern District of Georgia and the U.S. Securities and Exchange Commission on these topics.
  • Whistleblowers: Persons with non-public information regarding Mohawk should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.

Universal Health Services Pays $117 Million to Settle 18 Whistleblower Cases Involving Medically Unnecessary Inpatient Behavioral Health Services, Announces Moss & Gilmore LLP

Retrieved on: 
Monday, July 13, 2020

The action also included claims for retaliation against one of the whistleblowers, which were also resolved as part of the settlement.

Key Points: 
  • The action also included claims for retaliation against one of the whistleblowers, which were also resolved as part of the settlement.
  • "Recent actions and interventions by DOJ in FCA cases are a loud wake-up call to hospitals who treat vulnerable and critically ill patients," said Mr. Moss.
  • About Moss & Gilmore LLP: With offices in Atlanta and New York,Moss & Gilmore LLP represents whistleblowers in the U.S. and worldwide in federal and state false claim whistleblower and related retaliation cases involving healthcare fraud and military procurement fraud.
  • Moss & Gilmore LLP represents whistleblowers in cases under the False Claims Act and claims under the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission involving securities and commodities fraud and IRS whistleblower reward programs.

OSC awards over half a million to whistleblower

Retrieved on: 
Monday, April 6, 2020

"Experts can be among the first to spot signs of potential misconduct in our markets," said Jeff Kehoe, Director of Enforcement at the OSC.

Key Points: 
  • "Experts can be among the first to spot signs of potential misconduct in our markets," said Jeff Kehoe, Director of Enforcement at the OSC.
  • Robust whistleblower protections are built into the OSC's Whistleblower Program.
  • Since its launch in July 2016, the OSC's Whistleblower Program has awarded more than $8 million to whistleblowers.
  • For more on the OSC's Whistleblower Program, including award eligibility and how to submit a tip, visit: http://www.officeofthewhistleblower.ca .