Month: January 2017

What is the Foreign Corrupt Practices Act (FCPA)? The Foreign Corrupt Practices Act (FCPA) is a powerful anti-bribery law that prohibits US companies and individuals from paying money or any other sort...

History of the False Claims Act and “qui tam” whistleblower cases The False Claims Act, also known as the “Lincoln Law,” was enacted during the Civil War to combat the fraud perpetrated...

Whistleblowers play a key role in exposing fraud by banks and other companies in the financial industry. Phillips & Cohen has represented whistleblowers in successful qui tam lawsuits that alleged...

Record success for whistleblowers in defense contractor fraud cases. Phillips & Cohen has represented defense contractor fraud whistleblowers in successful “qui tam” cases for more than...

Sean McKessy in Ignites, 1/25/17. The case serves as a “cautionary tale” for other firms that “the SEC really doesn’t like when companies target their programs,” says Sean...

While the director of the IRS Whistleblower Office has given his program good reviews in the latest annual report about the IRS whistleblower program, the reality isn’t so positive. In the FY2016 annual...

Medical device company Biomet will once again pay tens of millions of dollars to settle violations of the Foreign Corrupt Practices Act. In 2012, Biomet agreed to pay more than $22 million to settle allegations...

A whistleblower helped uncover a scheme by a Missouri-based government contractor where the company not only allegedly overcharged the government for its products, but also allegedly violated country of...

Sean McKessy in the National Law Journal, 1/6/17. Sean McKessy, who stepped down in July as the whistleblower office’s first chief, said Friday’s award marks the second time the SEC has deemed...

Article by Erika Kelton published in the NYU Compliance & Enforcement Blog, 01/05/17. “2016 was a banner year for the Dodd-Frank Act’s most significant anti-fraud enforcement provisions: the...