August 23, 2012
SEC’s new whistleblower program gets big response
Since Congress created a strong whistleblower program at the Securities and Exchange Commission under the Dodd-Frank Act in July of 2010, tips have been pouring into the SEC in record numbers, according...
August 22, 2012
Affordable Care Act boosts fight against health care fraud
NPR reported yesterday morning on the ways the Affordable Care Act helps fight health care fraud. The story noted the difficulty government regulators have in keeping up with the various health care scams...
Posted In Whistleblower Law Insights
August 22, 2012
SEC grants maximum award to whistleblower
The Securities and Exchange Commission yesterday granted the first whistleblower award under the new program created by the Dodd-Frank Act. The reward totaled $50,000, or thirty percent of the SEC’s...
August 21, 2012
SEC announces first whistleblower award
The U.S. Securities & Exchange Commission has made its first whistleblower award. The SEC Whistleblower Office was established in August 2011, pursuant to the Dodd-Frank Act. According to the SEC...
July 29, 2012
Obama administration introduces new efforts to crack down on health care fraud
The Department of Health and Human Services Secretary Kathleen Sebelius, and Attorney General Eric Holder, revealed a new public-private partnership to crack down on health care fraud yesterday. The...
Posted In Whistleblower Law Insights
July 26, 2012
Treasury Secretary Geithner testifies about Libor scandal
U.S. Secretary of the Treasury Timothy Geithner defended his response to concerns about Libor manipulation in 2008 – when he served as president of the New York Federal Reserve – before Congress...
Posted In Whistleblower Law Insights
July 26, 2012
Is there more corporate fraud, or is there more fraud being exposed by whistleblowers?
Eduardo Porter of the New York Times wrote an insightful article examining whether corporate corruption and fraud have increased in recent years. (See “The Spreading Scourge of Corporate Corruption.”)...
July 03, 2012
Whistleblowers played key role in Glaxo’s $3 billion settlement
Two whistleblowers represented by Phillips & Cohen provided critical evidence that helped launch massive government investigations into Glaxosmithkline’s marketing practices, and resulted in...
Posted In Whistleblower Law Insights
April 23, 2012
CFTC announces $14 million penalty in oil manipulation case
The Commodity Futures Trading Commission has announced that Optiver Holding BV, a Dutch company, two U.S. subsidiaries and several officers will pay $14 million to settle allegations of manipulating the...
April 02, 2012
Are we teaching that fraud pays?
In a recent Forbes blog post, Phillips & Cohen attorney Erika Kelton tells of students who did an off-the-cuff cost/benefit analysis of Medicaid fraud and decided it might be a good way to get rich...
Posted In Whistleblower Law Insights