The European commission will next week propose legislation that intends to protect whistleblowers. Recent scandals have exposed the limited help available for people seeking to expose corporate behaviour in the public interest.
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The Securities and Exchange Commission today announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower's information strongly supported the findings in the underlying actions and the whistleblower provided ongoing assistance to the staff during the investigation.
Victims of Bernard L. Madoff, the architect of one of Wall Street's largest frauds, will receive another $504 million, proceeds from assets that the government seized after Mr. Madoff's financial firm collapsed a decade ago.
A tip-off from a whistleblower is believed to have sparked a raid on 21st Century Fox by the European Commission and the Competition and Markets Authority.
Uber Whistleblower Susan Fowler On What Every Company Should Do To Stop Harassment - Susan Fowler rocked the tech world with her 2,900-word essay last February about her experience of sexism and harassment at her former employer Uber.
The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge of the plans.
It says a McKesson subsidiary violated the federal False Claims Act by selling the medication, providing kickbacks by offering the pooled drugs at a discount and repackaging them under non-sterile conditions. That left the drugs open to contamination that could have harmed patients, the lawsuit claims.
The Securities and Exchange Commission today announced a whistleblower award of more than $2.2 million to a former company insider whose tips helped the agency open an investigation that led to an enforcement action. The whistleblower first reported the information to another federal agency and later provided the same information to the SEC.
A Chinese-born executive pleaded guilty on Wednesday in New York to three criminal counts in connection with a U.S. bribery probe involving a former U.N. General Assembly president.
Attorneys with the U.S. Department of Justice informed a federal judge Monday that they need at least two more months to conduct a criminal fraud investigation into SeaWorld Entertainment Inc., court records show.
Michael Liberty advertised that Mozido, the start-up he founded which once boasted a valuation of $5.6 billion, would revolutionize mobile payments and bring financial services to 2 billion unbanked adults worldwide. But securities regulators claim Liberty hyped up Mozido while raising $55 million that mostly went into his own pocket.
The FT's Aliya Ram interviews Christopher Wylie and Shahmir Sanni, the two whistleblowers at the centre of the Facebook data breach outcry, about how the scandal broke and what it means for Facebook read more »
Two whistleblowers won a battle with the U.S. Internal Revenue Service over their share of $74 million they helped the agency to collect, marking a change that attorneys say could encourage more people to flag wrongdoing.
China accused the deal maker who bought the Waldorf Astoria hotel in New York of bilking investors of more than $10 billion, prompting him to issue a rare denial of guilt on Wednesday in a country where the courts almost always convict.
A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a program to target Republican voters in the 2016 U.S. election.
Regulators around the globe began work on replacements for Libor, the London interbank offered rate, well before the U.K.'s Financial Conduct Authority set to put the beleaguered interest-rate benchmark out of its misery. In the U.S., enter the Secured Overnight Financing Rate, or SOFR, a new reference rate being introduced next week by the Federal Reserve Bank of New York in cooperation with the U.S. Treasury Department's Office of Financial Research. The debut of SOFR is a critical step in a quest to wean more than $350 trillion of securities off Li
Alere Inc has agreed to pay $33.2 million to resolve claims it knowingly sold unreliable diagnostic testing devices to hospitals prior to its acquisition by Abbott Laboratories last year, the U.S. Justice Department said on Friday.
In fact, the SEC's whistleblower program is handing out its "highest-ever Dodd-Frank whistleblower awards" to two claimants that will share "nearly $50 million," and a third claimant that will get more than $33 million. Previously, the highest amount was a hefty $30 million paid out in 2014.
The Commodity Futures Trading Commission (CFTC) today announced that Judge Brian J. Davis of the Middle District of Florida has ordered Defendants Maverick International, Inc. (Maverick), and its principals Edward Rubin and Wesley Allen Brown to pay $8,605,274.92 in combined restitution and civil monetary penalties for commodity futures fraud, commodity pool fraud, and related violations of federal commodity laws.
The whistleblower who publicly revealed how Trump-affiliated data firm Cambridge Analytica used information mined from Facebook under false pretenses during the 2016 election cycle will give an interview to Democrats on the House Intelligence Committee as part of their investigation of Russian interference in the election, including possible ties to Donald Trump's campaign
