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The Foreign Corrupt Practices Act: High Cost of Corrupt Practices
November 1st, 2012
According to a recent report in the Wall Street Journal, settlements with the government are not the only cost corporations must account for if they decide to engage in illegal bribery of foreign officials. The newspaper found that legal expenses for…
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Categories: Foreign Corrupt Practices Act
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The DOJ's Bad Deal with a Tax-Evading Swiss Bank - Part II
October 25th, 2012
When we left off last time it was 2010. Bradley Birkenfeld, the UBS whistleblower, had been sentenced to 40 months in prison for tax evasion and the DOJ had just let UBS off the hook after the bank revealed information on a tiny fraction of the total…
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The DOJ's Bad Deal with a Tax-Evading Swiss Bank - Part I
October 18th, 2012
This is the first part in a two part series of posts explaining the saga of an IRS whistleblower from UBS who spent years fighting his former employer before recently receiving a major reward for all his trouble. To start the story, let’s go ba…
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Report Reveals Information Concerning Pharmaceutical Fraud Cases
October 11th, 2012
For the past several years news of multi-million dollar settlements between pharmaceutical companies and the U.S. government have frequently made front-page news. A new report by a consumer watchdog group, Public Citizen, breaks down the data concern…
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Threat of Jail Time Has Not Yet Been Used to Give Sarbanes-Oxley Teeth
September 7th, 2012
It’s an issue several news organizations have pointed out. Years after the financial crisis, there have still been no prosecutions of top executives at any of the major players in the financial crisis. The question is why has the Justice Depart…
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GlaxoSmithKline Agrees to Largest Healthcare Fraud Settlement in History
July 12th, 2012
Pharmaceutical giant GlaxoSmithKline agreed to pay a whopping $3 billion in fines, amounting to the largest health care fraud settlement in U.S. history, for its past practice of marketing drugs for off label use. The Justice Department announced las…
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Categories: False Claims Act
The Hypocrisy Behind Corporate Attacks on SEC Whistleblower Program
June 28th, 2012
According to a recent Forbes article, a group of powerful corporations and corporate lobbying groups have been working to kill the Securities and Exchange Commission’s (SEC) whistleblower reward program since it was created by Congress nearly t…
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Categories: SEC Whistleblower
First Payouts from SEC Whistleblower Program Set to Occur
June 21st, 2012
The Securities and Exchange Commission (SEC), since its creation in 1934, has always had a program in place to report fraud, however this program has not had any financial incentive for people to report companies to the SEC until very recently. Back…
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Categories: SEC Whistleblower
Expanding Whistleblower Protections
May 31st, 2012
While employees of the federal government always have protections in place should they become whistleblowers, federal contract employees are not so fortunate. However, Senator Claire McCaskill, D-Mo., has proposed legislation to change that. Senate B…
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The 2006 Reforms to False Claims Act
May 24th, 2012
As this Forbes article states, incentives for whistleblowers who report tax fraud have been codified since 1867. However, it’s the 2006 reforms that were supposed to be a boon to whistleblowers everywhere. The relevant provision, codified in 26…
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