SEC Enforcement Action Reinforces Priorities and Challenges in Annual Report. Exposing Misconduct.


SEC Enforcement Action Reinforces Priorities and Challenges in Annual Report

December 10, 2019

Last month, the SEC issued its annual report.  A few days ago, the SEC announced an accounting fraud enforcement action that reinforces several important areas—both areas of focus and challenges—in the report. The Securities and Exchange Commission’s Division of Enforcement’s 2019 fiscal year report (“Report”) On November 6, 2019, the SEC issued the Report. The […]

Sutter Health pays $30M in lawsuit

November 15, 2019

Healthcare services provider Sutter Health will pay $30.5 million in a lawsuit filed by a former compliance officer alleging fraud and kickbacks, though Sutter did not admit laibility and points out there was no finding that the company violated anti-kickback laws. Laurie Hanvey, a former compliance officer with Sutter Medical Center, filed a lawsuit in 2014 […]

SEC Awards Over $260,000 to Whistleblowers for Their Help in Spotting Securities Fraud

November 15, 2019

The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.  The whistleblowers, who were themselves harmed investors, will collectively receive a payment of over $260,000 based on current collections. “Because […]

A Review of Recent Whistleblower Developments: October 29, 2019

October 29, 2019

Whistleblower Developments is a periodic report covering significant cases, decisions, proposals, and legislation related to whistleblower statutes and how they may impact your business. Senate Proposes Whistleblower Programs Improvement Act In late September, Senators Chuck Grassley (R-Iowa), Tammy Baldwin (D-Wis.), Joni Ernst (R-Iowa), and Dick Durbin (D-Ill.) introduced the Whistleblower Programs Improvement Act, which would protect […]

Multimillion-dollar medical scams stopped by whistleblowers

October 23, 2019

In theory, whistleblowing should be patently protected at every level. In reality, whistleblowing is advocated for via a complex web of US statutes, protections, and agencies. For instance, OSHA enforces more than 20 federal laws—such as the Affordable Care Act and Occupational Safety and Health Act—that protect workplace safety in a variety of industries, including […]

Whistleblowers Accuse Infosys Execs Of Hiding Damaging Figures: Report

October 21, 2019

Infosys whistleblowers are accusing the CEO and CFO of misleading the board as well as shareholders by withholding some figures in order to make the company’s performance appear better than it is, according to a report. In two letters published by the Economic Times of India, the whistleblowers said last quarter they were told not to […]

Whistleblower Alleges Fraud At A Large Medicare Advantage Plan In Seattle

October 18, 2019

Group Health Cooperative in Seattle, one of the United States’ oldest and most respected nonprofit health insurance plans, is accused of bilking Medicare out of millions of dollars in a federal whistleblower case. Teresa Ross, a former medical billing manager at the insurer, alleges that it sought to reverse financial losses in 2010 by claiming […]

Whistleblower Exposed $1.34 Million in Army Losses

September 19, 2019

A whistleblower exposed how the Army lost possession of six government-purchased fuel trucks, mainly due to improper contracting procedures, which cost the service about $1.34 million. The Office of Special Counsel sent a letter to the White House and Congress on Wednesday, which included a June 2018 Army report and its own findings regarding the revelation, making it public […]

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