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Early January SEC Whistleblower Awards Total More than $1.1 Million

On Thursday, January 7, The U.S. Securities and Exchange Commission (SEC) announced three whistleblower awards to five recipients that totaled more than $1.1 million. According to a statement released by the agency, each of the whistleblowers provided high-quality, unique information that led to multiple enforcement actions. The first award totaled approximately $500,000 and went to Read More

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SEC Announces Pair of New Whistleblower Awards

The U.S. Securities and Exchange Commission (SEC) announced a pair of new whistleblower awards at the start of November, both going to individuals who assisted the commission with their investigations into ongoing fraudulent schemes. The first whistleblower received $3.6 million for their assistance. The SEC said this whistleblower alerted the agency to overseas misconduct and Read More

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SEC Issues $3.8 Million Whistleblower Award in Fraud Case

In July, the U.S. Securities and Exchange Commission (SEC) issued a $3.8 million award to a whistleblower who assisted the commission by providing crucial information during an ongoing investigation into a fraudulent scheme. According to the press release the SEC put out to announce the award, the whistleblower provided the agency with information that “helped Read More

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Vereit Settles SEC Fraud Case to Tune of $8 Million

The United States Securities and Exchange Commission (SEC) recently charged Vereit, Inc. (previously known as American Realty Capital Properties, Inc.) with intentionally overstating important performance metrics, a form of fraud. As a result, Vereit agreed to settle the charges by paying an $8 million penalty, which will be shared among defrauded investors. Case background According Read More

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Former CFO of Tenet Healthcare Subsidiary Files Lawsuit Alleging Whistleblower Retaliation

Jason Cagle, the former CFO of United Surgical Partners International (a subsidiary of Tenet Healthcare in Dallas), filed a lawsuit against his former employer alleging whistleblower retaliation. Cagle had worked for USPI since 2001 and took his position as CFO in January 2013. Tenet bought out USPI in 2015 and owned 95 percent of its Read More

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Whistleblower Claims Wall Street Has Been Routinely Manipulating Mortgage Funds

A whistleblower claims there is evidence to believe Wall Street is once again engaged in some of the very practices that led to the financial crash of 2008. A whistleblower complaint submitted last year to the Securities and exchange Commission accuses some of the largest banks in the world (including Deutsche Bank and Wells Fargo) Read More

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SEC Confirms $50 Million Paid to Whistleblowers in 2017

The U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower released its annual report in mid-November. It highlighted the value whistleblowers have provided to the agency and the country over the past year. According to the commission, “whistleblowers have provided tremendous value to [the SEC’s] enforcement efforts and significantly helped investors.” The agency noted Read More

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SEC Whistleblower Awards Total Reaches $158 Million

In late July, Securities and Exchange Commission (SEC) officials announced there were two more cases in which the regulator handed out whistleblower awards, totaling $4.2 million for the two whistleblowers. The total of the whistleblower payments distributed through the program is now at $158 million. One of the awards was announced on July 27 and Read More

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SEC Aims to Ensure Whistleblowers are Uninhibited

The U.S. Securities and Exchange Commission has done a lot to increase the protections afforded to whistleblowers in the last several years. In 2015, the agency took several steps to further ensure whistleblowers are not prevented from coming forward and reporting incidents of wrongdoing within their organizations. Since the enactment of the Dodd-Frank Act of Read More

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A Roundup of Recent Important Whistleblower Cases

Are you trying stay up-to-date with the latest cases and happenings in the field of whistleblower law? We have compiled a few important cases that might piqué your interest: Whistleblowers split $1.8 Million in FCA settlement in for-profit school case Five whistleblowers recently alerted authorities to a chain of for-profit schools admitting students who were Read More

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