August 12, 2011
New SEC whistleblower program opens today
The SEC whistleblower program outlined by the Dodd-Frank Wall Street Reform and Consumer Protection Act has officially gone into effect today. Whistleblowers who provide “new and timely” information...
July 14, 2011
Harvey Pitt no more prescient now than before
Harvey Pitt — who was Securities & Exchange Commission chair during a time when the SEC let Wall Street run wild, leading to the financial mess the U.S. is in, and who has spent most of career...
July 13, 2011
Why prosecutors go easy on Wall St.
The reports of wrongdoing by financial firms in the past few years have many people wondering why there haven’t been more prosecutions. According to New York Times reporters Gretchen Morgenson and...
Posted In Whistleblower Law Insights
June 21, 2011
Global patterns of fraud
A new report from KPMG, Who is the Typical Fraudster?, analyzes trends in corporate fraud around the globe. Drawing on investigations conducted in 69 countries, the majority of them unpublicized, it provides...
Posted In Whistleblower Law Insights
May 26, 2011
SEC resists attempts to weaken new whistleblower program
The final rules for the Securities and Exchange Commission’s whistleblower reward program contain provisions that will protect and encourage those who report fraud. Erika Kelton of Phillips and Cohen...
May 25, 2011
Whistleblower attorneys applaud SEC rules on whistleblower reward program
The Securities and Exchange Commission took a big step today to establish a strong whistleblower program by endorsing final rules for the SEC whistleblower program that would reward – but not require...
May 24, 2011
Calif. Attorney General will use FCA to fight mortgage fraud
California Attorney General Kamala Harris has vowed to use the state’s False Claims Act to go after mortgage fraud scammers. The new Mortgage Fraud Strike Force will have three teams. The corporate...
Posted In Whistleblower Law Insights
May 19, 2011
BAE settlement shows government is serious about international fraud
The U.S. State Department’s settlement with BAE Systems PLC of the United Kingdom highlights the increasing focus on international fraud committed by multinational companies in the tax, securities, export...
May 19, 2011
Supreme Court rules FOIA request may bar whistleblower action
Under the False Claims Act, prior public disclosure of the allegations or transactions in a federal “report, hearing, audit or investigation” may preclude filing a qui tam lawsuit. On May 16, 2011,...
Posted In Whistleblower Law Insights
May 16, 2011
Supreme Court rules in qui tam whistleblower case
Today’s U.S. Supreme Court decision in Schindler Elevator v. United States ex rel Kirk has implications for whistleblowers and False Claims Act cases. The decision undermines fraud-fighting efforts by...
Posted In Whistleblower Law Insights