Theranos Whistleblower Speaks Out, Explains Why He is Telling His Side of Story Now

BUZZFEED

At age 24, Tyler Shultz exposed the $10 billion biotech company Theranos for its fraudulent practices, prompting criminal and civil investigations into the company. Until now, Schultz has remained largely unavailable for interviews, but now he is telling his side of the story, in his own words. read more »

SEC Charges Consumer Loan Company with FCPA Violations

SEC

The Securities and Exchange Commission today announced that World Acceptance Corporation, a South Carolina-based consumer loan company, has agreed to pay $21.7 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA). 

WAC Mexico paid the bribes in a variety of ways, including by depositing money into bank accounts linked to the officials and by hiring an intermediary to distribute large bags of cash among the officials. read more »

U.S. lawmakers seek probe of investment firms' dealings in Puerto Rico debt

REUTERS

Five members of U.S. Congress from New York said on Wednesday that several investment firms involved in Puerto Rico’s ongoing bankruptcy may have engaged in insider trading and urged the state attorney general to investigate.

In a letter to New York Attorney General Letitia James, the lawmakers cited allegations arising from the island’s bankruptcy litigation “that some hedge fund groups may have been engaging in insider trading and using the PROMESA restructuring process to artificially manipulate bond markets.” read more »