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Category Archives: Corporate Whistleblowers

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The Securities and Exchange Commission Confirms Critical Role Whistleblowers Play in Holding Fraudsters Accountable

Posted in Corporate Whistleblowers, News
SEC Says Employees Protected For Internal WhistleblowingThe head of the SEC’s Office of the Whistleblower, Sean McKessy, reported on Friday that the increased number of rewards paid out to whistleblowers “reflects the high-quality nature of the tips the SEC is receiving as public awareness of the whistleblower program grows.”  To date, the SEC has awarded 31 separate awards totaling $68 million to whistleblowers.… Continue Reading

Big Win for Whistleblowers in U.S. Court Of Appeals for The Fourth Circuit

Posted in Corporate Whistleblowers, News
Big Win for Whistleblowers in Fourth Circuit  Washington, D. C. May 24, 2016. The U.S. Court of Appeals for the 4th Circuit ruled in favor of a corporate whistleblower in a May 20, 2016 decision. The case, filed under the Sarbanes-Oxley Act by Mrs. Dinah R. Gunther, alleged that the Virginia-based software provider, Deltek, Inc. fired her after she raised accounting concerns to the company’s General… Continue Reading

Obama Strengthens Key Corporate Whistleblower Protections

Posted in Corporate Whistleblowers
locked folder“Defend Trade Secrets Act” Signed into Law Washington, D.C. May 11, 2016. Today, President Obama signed into law the Defend Trade Secrets Act, which includes major whistleblower reforms. The Act contains strong and much needed protections for corporate whistleblowers, establishing immunity for employees who disclose trade secrets to the government as part of a whistleblower case. The Act sets forth… Continue Reading

Obama Administration Proposes Oversight Reform in Response to Panama Papers

Posted in Corporate Whistleblowers, International, News, Tax Whistleblowers
Official White House Photo by Pete SouzaIn response to the Panama Papers — the more than ten million leaked documents from the Panamanian law firm, Mossack Fonseca, that exposed illicit financial activity and tax evasion through the use of anonymous offshore shell companies — the White House announced on May 6th that it would end the use of anonymous corporations in the United States and require… Continue Reading

National Whistleblower Center presents original documents showing the intent of the False Claims Act

Posted in Corporate Whistleblowers, False Claims / Qui Tam
Civil War Contractor CartoonThe National Whistleblower Center recently filed an Amicus (friend of the court) brief in the case Universal Health Services v. U.S. ex rel. Escobar. The legal issue behind the case concerns the False Claims Act, America’s premier whistleblower law and its best defense against government contracting fraud. The question at hand asks whether a contractor can only be held liable… Continue Reading

Crucial Reforms Introduced to Protect Whistleblowers on Wall Street

Posted in Corporate Whistleblowers, Legislation
Crucial Reforms Introduced to Protect Whistleblowers on Wall StreetToday, Congressman Elijah Cummings and Senator Tammy Baldwin introduced the Whistleblower Augmented Reward and Nonretaliation Act (WARN Act). The WARN Act provides vital reforms enabling whistleblowers to attain rewards and be protected for reporting violations of banking laws under the Financial Institutions Anti-Fraud Enforcement Act and the Federal Deposit Insurance Act.… Continue Reading

October – December 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
stopfraudThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led… Continue Reading

SEC Awards Company Outsider $700,000

Posted in Claim SEC Award, News
SEC Says Employees Protected For Internal WhistleblowingWashington, D.C. January 15, 2016. The Securities and Exchange Commission issued a landmark award to an industry expert who provided it with “high-quality analysis” in an enforcement action.  The whistleblower award of more than $700,000 marks the first time the SEC has issued an award to someone outside a company since the whistleblower office opened in 2011.… Continue Reading

SEC Annual Report Highlights Success of International Whistleblower Program

Posted in Corporate Whistleblowers, International
SEC Whistleblower Program SuccessWashington, DC, November 16, 2015.  The SEC’s Office of the Whistleblower issued its annual report today highlighting the successes of the Office.  This includes payments of more then $37 million to whistleblowers in 2015 and a 30% increase in the amount of claims filed with the office.  The SEC also took enforcement action to ensure that corporations stop using restrictive… Continue Reading

Whistleblower to Receive $290,000 Award From CFTC

Posted in Corporate Whistleblowers
Whistleblower to Receive $290,000 Award From CFTCThe U.S. Commodity Futures Trading Commission announced yesterday that it will make an award of approximately $290,000 to a whistleblower for providing valuable information about violations of the Commodity Exchange Act (CEA). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFTC’s Whistleblower Program provides monetary awards to persons who report violations of the CEA if… Continue Reading

August 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

July 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

NWC weighs in on protecting the rights of attorney-whistleblowers

Posted in Corporate Whistleblowers, News
NWC weighs in on protecting the right of attorney-whistleblowersToday, corporations are on the move to conceal waste, fraud, bribery and corruption simply by having managers wear a lawyer hat on top of their management cap.  The battle to protect in-house lawyers from retaliation for blowing the whistle internally or as permitted by federal whistleblower protection laws is of great concern.  Yesterday, the National Whistleblower Center submitted a public… Continue Reading

SEC Says Employees Protected For Internal Whistleblowing

Posted in Corporate Whistleblowers
SEC Says Employees Protected For Internal WhistleblowingOn August 4, 2015, the Securities and Exchange Commission (“SEC”) issued an interpretive rule to dispel confusion over whether employees who only report violations to their employer are protected by the Dodd-Frank whistleblower protection provision. The SEC will formally publish this interpretative rule in the Federal Register and it will operate as an amendment to the Dodd-Frank whistleblower rules. A… Continue Reading

June 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

3 Accidental Whistleblowers (Fired for Doing their Jobs Well)

Posted in Corporate Whistleblowers
3 Accidental WhistleblowersOriginally published at Corporate Compliance Insights on June 3, 2014 by Guest Columnist Donna Boehme.   Recently I’ve had a few epiphanies about corporate whistleblowers (are we ever going to find a better term for this?), and the most striking is this: Many are accidental. My month of whistleblower observations includes (i) a striking column by a former JPMorgan executive, “5 Terrible… Continue Reading

May 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
SEC third largest whistleblower awardThe SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

Third Largest SEC Whistleblower Award Issued

Posted in Claim SEC Award, Corporate Whistleblowers
SEC third largest whistleblower awardWashington D.C., July 17, 2015: Today the Securities and Exchange Commission (SEC) announced that it paid a whistleblower award of more than $3 million. The company insider whose information helped the SEC crack a complex fraud, received the third highest award to date under the SEC’s whistleblower program. Stephen M. Kohn, Executive Director of the National Whistleblower Center praised the award… Continue Reading

April 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
SEC third largest whistleblower awardThe SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

Senators Introduce Criminal Antitrust Anti-Retaliation Act

Posted in Corporate Whistleblowers, Legislation
Tell your Senator to pass the Criminal Antitrust Anti-Retaliation ActWashington, D.C. June 18, 2015.  Yesterday Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Patrick Leahy introduced legislation to extend whistleblower protection for employees who provide information to the Department of Justice related to criminal antitrust violations.   The Criminal Antitrust Anti-Retaliation Act of 2015 will create for the first time whistleblower protections for employees who report antitrust violations.   Senator Patrick… Continue Reading

Statement Of The National Whistleblower Center On The Role Of Whistleblowers In Disclosing The FIFA Bribery Scandal

Posted in Claim SEC Award, Corporate Whistleblowers, News
Fifascandal2015Washington, D.C. May 28, 2015. Stephen M. Kohn, the Executive Director of the National Whistleblower Center, issued the following statement today regarding the role of whistleblowers in the FIFA bribery scandal: “Yesterday the world was shocked by well documented revelations of widespread corruption and bribery within FIFA, the Fédération Internationale de Football Association. According to press accounts, an “insider” within… Continue Reading

April 2015 Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led… Continue Reading