6th Circuit finds whistleblower law shields ex-employees from retaliation
REUTERS
Blog
Financial Crime Reporting Rules Extended To Cryptoasset Firms
FORBES
Former Owners of Telemarketing Company Agree to Pay At Least $4 Million to Resolve False Claims Act Allegations
DOJ
SEC Charges Unregistered Investment Adviser with Defrauding Investors in Decade-Long Scheme
SEC
SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad
SEC
SAP Public Services, Inc. to Pay $2.2 Million to Settle False Claims Act Allegations
DOJ
United Airlines to Pay $49 Million to Resolve Criminal Fraud Charges and Civil Claims
DOJ
Federal Contractor Agrees to Pay More Than $6 Million to Settle Overbilling Allegations
DOJ
Explaining GameStop hearing terms: Payment for order flow
AXIOS
Payment for order flow, or PFOF, sits at or near the top of the list of people's complaints about market structure. read more »
Explaining GameStop hearing terms: Short-selling
AXIOS
GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit
REUTERS
The social media persona “Roaring Kitty” at the center of last month’s frenzied rally in shares of GameStop Corp violated securities laws and caused “huge losses” for investors, according to a class action lawsuit filed in federal court in Massachusetts. read more »
Robinhood CEO admits communications shortcomings, ahead of House testimony
REUTERS
Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. read more »
This California bill could help more tech whistleblowers speak out
FAST COMPANY
Clover Health shares dip as SEC looks into short-seller allegations
REUTERS
U.S. regulators are following up on a critical report about Clover Health Investments Corp by short-selling specialist Hindenburg Research and have told the insurance company to preserve any relevant documents. read more »
A Bigger Risk Than GameStop? Beware the Ponzi Scheme Next Door
NEW YORK TIMES
GameStop frenzy prompts Yellen to call meeting with SEC, Fed
POLITICO
Treasury Secretary Janet Yellen will meet with key financial regulatory agencies to scrutinize recent price surges in GameStop stock and other companies, the latest move by policymakers to respond to market maneuvers tied to a group of investors on Reddit. read more »
How Rich Hospitals Profit From Patients in Car Crashes
NY TIMES
SEC issues warning as GameStop short-selling war resumes
REUTERS
The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning both brokerages and the pack of social media traders that it was closely monitoring potential wrongdoing.
Millions earmarked for public health emergencies were used to pay for unrelated projects, inspector general says
WASHINGTON POST
Federal officials repeatedly raided a fund earmarked for biomedical research in the years leading up to the covid-19 pandemic, spending millions of dollars on unrelated salaries, administrative expenses and even the cost of removing office furniture, according to the findings of an investigation into a whistleblower complaint shared with The Washington Post.
Attorney General Becerra Announces $40 Million Nationwide Settlement with Apria Healthcare
STATE OF CALIFORNIA DEPARTMENT OF JUSTICE
Space Force delays deal to ‘further evaluate’ contractor found to have acted fraudulently
WASHINGTON POST
Justice Department Recovers Over $2.2 Billion from False Claims Act Cases in Fiscal Year 2020
DOJ
Boeing to pay $25M to settle fraud case at drone unit Insitu that sparked whistleblower complaint
SEATTLE TIMES
Boeing’s drone subsidiary, Insitu, will pay $25 million to settle a federal lawsuit accusing it of fraudulently overcharging the government on no-bid military contracts by billing for new parts but using recycled ones.
