By Steve Kardell | Published October 19, 2020 | Posted in Fraud, Whistleblower Litigation | Tagged Tags: exposing wrongdoing, SEC whistleblower award, securities fraud |
The United States Securities and Exchange Commission announced an award of $125,000 in June to a whistleblower who went through the SEC’s whistleblower program to report wrongdoing. According to SEC representatives, the whistleblower’s information and assistance helped the SEC and another agency it was working with on the case bring a successful enforcement action against Read More
Read MoreA former employee of Ballard Health from Scott County, Virginia filed a lawsuit worth $3 million against the company, alleging the healthcare organization wrongfully terminated her after she blew the whistle on internal wrongdoing. The $3 million figure includes $1 million in compensatory damages and $2 million in punitive damages. Case background According to the Read More
Read MoreThere is a tendency in organizations to dismiss secondhand whistleblower reports as little more than hearsay. However, experts say secondary whistleblower reports can actually be extremely valuable for uncovering information about fraud and other internal wrongdoing. One recent study by CFO.com analyzed more than two million whistleblower reports from more than 1,000 public companies in Read More
Read MoreAmerican Financing Corp. was ordered by a judge in Arapahoe County District Court to pay out settlements to four former employees of the Colorado-based mortgage company. The employees claimed they were fired after raising concerns about widespread mortgage fraud propagated by the company. In their lawsuit, the four former employees claimed they had attempted to Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently announced that it paid a whistleblower an award of more than $3 million for providing information that enabled the agency to crack a complex fraud case. This award was the third-highest amount handed out so far since the SEC established the whistleblower program several years ago. The Read More
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