U.S. orders Wells Fargo to reinstate whistle-blower and pay $577,500 in compensation. Exposing Misconduct.

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U.S. orders Wells Fargo to reinstate whistle-blower and pay $577,500 in compensation

July 21, 2017

The U.S. Labor Department has ordered Wells Fargo & Co. to reinstate another former employee who alleged she was fired after reporting part of the widespread fraud that engulfed the bank in a major scandal. The whistle-blower, a former branch manager in Pomona, will be reinstated and paid $577,500 in back wages, damages and other compensation, , […]


Record SEC award expected for JPMorgan whistleblowers

July 19, 2017

The SEC is expected to present the largest whistleblower award in its history – possibly $70.6 million or more to be shared by two whistleblowers in a case involving a former adviser at JPMorgan Chase – according to an SEC letter obtained by Financial Planning. The forthcoming award is expected to be split between just two […]


Manchester VA whistleblowers surprised by reaction

July 18, 2017

MANCHESTER, N.H. – New details are coming out about the investigation into the Veterans Affairs hospital in Manchester, New Hampshire. A Boston Globe investigation revealed 11 doctors and medical employees contacted a federal whistleblower agency about what they say is dangerous and substandard care. And those whistleblowers were surprised when they walked back into the […]


Federal appeals court favors whistle-blowers by enhancing definition of ‘good faith

July 14, 2017

NEW ORLEANS — In a recent whistle-blower case, the U.S Court of Appeals for the Fifth Circuit broadened the Louisiana Environmental Whistle-Blower Act’s definition of “good faith” to the benefit of the plaintiff. The decision was a reaction to a district court judgement on the Borcik v. Crosby Tugs, L.L.C. case, where a deckhand for a Crosby […]


Alleged Rehab Misconduct Prompts Washington State Internal Investigation

July 11, 2017

One of the state-licensed drug treatment clinics in question has been the subject of four previous investigations over a six-year period. A series of investigative reportsby a Seattle, Washington-based television news program into misconduct at several state-licensed drug treatment clinics has spurred the Department of Social and Health Services (DSHS) to order an internal examination of one of […]


Hospice firm pays $2.4 million after Atlanta whistleblowers cry fraud

July 8, 2017

A hospice company agreed to pay $2.4 million to settle allegations by two Atlanta whistleblowers that the company had falsely billed taxpayers after paying kickbacks to doctors for patient referrals. The U.S. Attorney’s Office in Atlanta said Compassionate Care Hospice Group falsely billed Medicare and Medicaid in the alleged scheme. The company is registered in […]


Supreme Court may resolve divide over whistleblower protections

July 5, 2017

The Supreme Court may finally settle one of the fiercest debates arising from the Dodd-Frank Act: What is a whistleblower and when are they protected against corporate retaliation? At issue is a lack of clarity—and plenty of legal confusion—regarding reporting baselines in the Sarbanes-Oxley Act and Dodd-Frank Act. Confusing language in the latter is a […]


SEC Takes Aim at Broker-Dealers for Anti-Money Laundering Violations

July 4, 2017

On June 5, 2017, the SEC charged brokerage firm Alpine Securities Corporation (Alpine) with securities law violations related to its ineffective anti-money laundering program. According to the SEC’s complaint, Alpine failed to adequately file suspicious activity reports (SARs) for at least 1,950 stock transactions that the firm flagged as suspicious.  The SEC found that Alpine’s “records contained information […]


Allergan Agrees to Pay $13M in Whistleblower Case

June 30, 2017

Drugmaker Allergan has agreed to pay the federal government and several states $13 million to settle whistleblower claims that it provided business consulting and services to doctors as a way of encouraging them to prescribe the company’s eye care products. The settlement was announced June 29 in a joint statement by Pittsburgh firm Pietragallo Gordon […]


What Employment Protections are Available for SEC Whistleblowers? Chapter 3

June 26, 2017

Under Dodd-Frank, which created the SEC Whistleblower Program, employers cannot discharge, demote, suspend, harass, or in any way discriminate against employees for raising concerns about a potential securities-law violation. Remedies may include reinstatement, double back pay, litigation costs, expert-witness fees, and attorneys’ fees.


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