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Federal Court Orders Crypto Operators to Enforce U.S. Sanctions on North Korean Hackers, Hydra Market, and Other Blockchain Accounts

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First of its kind federal judicial order interfaces with next generation, legally-compliant blockchain CHICAGO, IL – A federal court today issued a restraining order to freeze accounts on the JuratBTC blockchain containing the cryptocurrency JTC.  The accounts subject to today’s court order are controlled by 16 individuals and criminal organizations who have been sanctioned by… Read More

Border Patrol Whistleblowers?

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The United States government has increasingly militarized our borders and normalized treating immigrants in ways that are disturbing, abusive, and violent. And history suggests that with the Trump administration’s plan to quickly hire thousands more border patrol agents, these problems will only worsen. Loevy & Loevy has a cadre of passionate lawyers who aggressively challenge these… Read More

The Dept of Justice Charges Philip Esformes in Unprecedented $1 Billion Medicare Fraud Case

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The national deficit has been declining since its peak in 2009, but balancing the federal budget will undoubtedly be a hotly debated topic during this presidential election year. One of the government’s largest areas of spending is Medicare. Accounting for 15% of the federal budget, with a spending budget of $540 billion, Medicare is the… Read More

SEC Announces $2.8 Million Settlement in Recent Illegal Insider Trading Case

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The Securities Exchange Commission announced this morning that Swiss trader, Helmut Anscheringer, agreed to settle the illegal trading charges for more than $2.8 million. The SEC investigation revealed that Mr. Anscheringer profited over $1.8 million from insider information regarding the Florida-based fingerprint sensor technology company, AuthenTec.  In 2012, Mr. Anscheringer learned from a longtime friend related to an… Read More

SEC Takes Whistleblower Protections Very Seriously; Corporations Should Too

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The media routinely reports SEC whistleblower settlements and the agency has not been shy to boast about its accomplishments. The leaders of the SEC have been extremely vocal about its zero tolerance policy for securities law violations. In fact, the SEC Whistleblower Program is one of the U.S. Government’s most aggressive whistleblower programs. Yet, despite… Read More

New York Attorney General Proposes New Financial Fraud Whistleblower Legislation

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Currently in New York, there is no law to protect whistleblowers who report securities or other financial violations. New York Attorney General Eric T. Schneiderman is hoping to change that. He is proposing a new bill – the Financial Frauds Whistleblower Act. The proposed whistleblower program provides similar protections as the SEC whistleblower program.  That… Read More

SEC Warns Employers to Stay Clear of “Pre-taliatory” Acts

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In 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law and established the SEC Office of the Whistleblower. This act was in response to the Great Recession and the need for greater transparency and accountability in the financial system.  The SEC Office of the Whistleblower allows whistleblowers to provide… Read More

Heightened Whistleblower Protection Laws Help Increase Recovery for the Government

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With the implementation of more legislation protecting whistleblowers, the rate at which whistleblowers come forward has increased. In 2014, the DOJ recovered a record $5.69 billion through settlements related to False Claims Act cases.  That is up from $3.8 billion recovered in 2013.  Since 2009, the DOJ has recovered $22.75 billion in total from fraud… Read More

Supreme Court Ruled Former Federal Air Marshal Protected Under the Whistleblower Act

Robert MacLean

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The Supreme Court has sided with a former Transportation Security Administration Federal Air Marshal who blew the whistle on fraud within the Department of Homeland Security. (Department of Homeland Security v. MacLean, No. 13-894 (U.S. Jan 21, 2015)). Robert MacLean disclosed to an MSNBC reporter that the Department of Homeland Security was attempting to save money… Read More