New Program Giving Big Wins to Whistleblowers


The Securities and Exchange Commission (SEC) recently announced earlier this month that it was quadrupling its first award in a new whistleblower program designed to root out financial fraud. Under the program, which is governed by the Dodd-Frank Act, tipsters can anonymously report private business or government wrongdoing and receive up to 30% of the… Read More

Financial Fraud Opens Door to Whistleblowers


Recent Securities and Exchange Commission (SEC) investigations are showing a pathway to potential big awards for whistleblowing employees and others who help expose wrongdoing by corporate officials.  Earlier this month the SEC hit drugstore giant CVS Caremark Corp. with a $20 million fine for allegedly deceiving investors by cooking its books with deceptive accounting practices.… Read More

Russia Sanctions Open Door to Whistleblowers


Many firms that previously profited off of trade with Russia may be tempted to violate the newly-imposed U.S. sanctions arising out of opposition to the Russian annexation of the Crimea.  Whistleblowers with knowledge of those violations can expose the fraud and earn a whistleblower reward for doing so. The Foreign Corrupt Practices Act, which outlaws bribes… Read More

Record Payout for Johnson & Johnson Whistleblowers


CNN Money  reports that authorities reached a $2.2 billion settlement with pharmaceutical company Johnson & Johnson in November, allotting $167.7 million to a group of whistleblowers .   According to documents and wire recordings produced by current and former employees, the company “marketed drugs for unapproved uses and gave kickbacks to doctors and nursing homes.” … Read More

Taking On Donald Rumsfeld


Donald Vance thought he was doing the right thing. A U.S. citizen working in Iraq, Vance and a fellow contractor say they alerted U.S. officials to suspected illegal activity by their employer, an Iraqi security company, including alleged payments to Iraqi sheiks and involvement in illegal arms-trading. Far from being praised, the two whistleblowers found… Read More