Whistleblower News: Virus Recovery Funds, Zoom, Airlines, FCA

Apr 09, 2020

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Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

 

REUTERS

 

A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. read more »

 

The Lesson We Are Learning from Zoom

NEW YORK TIMES

The popular app offered the simplest path to videoconferencing in a pandemic. That doesn’t make it the right path to take. read more »

 

Lawmaker calls out airlines over rejected refunds: 'We bailed out your company'

ABC NEWS

 

As passengers continue to voice frustrations with U.S. airlines over rejected refund claims amid the coronavirus outbreak, one lawmaker told ABC News a potential future stimulus bill should mandate refunds, not vouchers.

"The airlines are not listening to their passengers," Sen. Edward Markey, D-Mass., said in an interview on Wednesday. read more »

 

 

Bid Rigging and Fraud Targeting Defense Department Fuel Supply Contracts for U.S. Military Bases in South Korea

 

DOJ

 

South Korea-based company Jier Shin Korea Co. Ltd., and its president, Sang Joo Lee, have agreed to pay $2 million to the United States for civil antitrust and False Claims Act violations for their involvement in a bid-rigging conspiracy that targeted contracts to supply fuel to U.S. military bases in South Korea, the Department of Justice announced today.

The United States’ civil investigation resulted from a whistleblower lawsuit filed under the qui tam provisions of the False Claims Act.  Those provisions allow for private parties to sue on behalf of the United States and to share in any recovery. read more »