Whistleblower News: SEC Issues Awards Totaling Approximately $3M to Three Whistleblowers, Improper Billing of Defense Intelligence Agency, Financial Services Company Sentenced to Nearly 3 Years in Prison for $2.3M Ponzi Scheme
SEC Issues Awards Totaling Approximately $3 Million to Three Whistleblowers
SEC
The Securities and Exchange Commission today announced three awards totaling approximately $3 million to whistleblowers who provided information and assistance in three separate covered actions. read more »
Lancaster Company Agrees to Pay $820,000 for Improper Billing of Defense Intelligence Agency
DOJ
United States Attorney Jennifer Arbittier Williams announced that Reveal Global Consulting, LLC (“Reveal”) has agreed to pay $820,000 to the federal government to resolve allegations that it violated the False Claims Act by improperly billing time and expenses in its performance of a contract with the Defense Intelligence Agency (“DIA”). read more »
Former CEO of Santa Clarita Valley Financial Services Company Sentenced to Nearly 3 Years in Prison for $2.3 Million Ponzi Scheme
DOJ
The former CEO of a Valencia-based financial services company was sentenced today to 33 months in federal prison for helping to run a Ponzi scheme that defrauded dozens of investors – including his own clients – out of over $2.3 million with false promises of earning up to 20% monthly returns on their money. read more »
