the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, spoofing Explained
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Bank guilty of 'blatant failure' to implement money-laundering controls and wilfully flouted sanctions, US prosecutors say
IRS investigation into whether FB significantly understated the value of property transferred to an Ireland subsidiary, Johnson Controls agreed Monday to pay $14 million to settle Foreign Corrupt Practices Act charges
The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing
The investigation centers on potential bribery violations by Och-Ziff, in accepting capital from a Libyan sovereign wealth fund, as well as in Zimbabwe and Congo,
suit accusing Wells Fargo, JPMorgan Chase and others of fraudulently obtaining federal mortgage insurance on deceptively priced home loans
A Ninth Circuit panel on Monday largely revived a private investment company's suit alleging Venable LLP helped a convicted fraudster steal $11.25 million in a bogus sale of Facebook shares prior to its initial public offering
The Securities and Exchange Commission today announced that Sean McKessy, Chief of the SEC's Office of the Whistleblower, is planning to leave the agency later this month.
Knowingly presented false claims and altered records to get false claims paid Will pay millions to settle allegations
Four former Barclays bankers have been sentenced to between 33 months and six-and-a-half years in jail for conspiring to fraudulently rig global benchmark interest rates. India-born Jay Merchant, 45, the most senior of the men to face a jury in the case, was sentenced to six-and-a-half years. The New York-based former derivatives trader was convicted unanimously.
The Kemper coal plant is more than two years behind schedule and more than $4 billion over its initial budget, $2.4 billion, and it is still not operational.
The U.S. Department of Justice arrested a record 301 individuals on health-care fraud allegations in late June.
New Jersey laboratory accused of orchestrating one of the nation's largest kickback schemes ordered to forfeit all of its assets
Three former Barclays employees have been found guilty of rigging the Libor interest rate between 2005 and 2007. The Libor rate is used by banks to set prices of financial products.
It stands for the London inter-bank offered rate, and underpins trillions of pounds worth of loans and financial contracts for households and companies across the world.
The University of Missouri-Columbia has agreed to pay the United States $2.2 million to settle allegations that it violated the False Claims Act
Drug and device makers handed over almost $6.5 billion to doctors and medical institutions in 2015, according to the latest release from the U.S. government's Open Payments database.
A Texas magistrate judge recommended denying a whistleblowing furniture manufacturer's bid for an early win in its antitrust and False Claims Act suit against rival companies Thursday, writing that it hadn't proven those rivals lied to the government about being owned by women to gain certain contracts.
The U.S. Department of Justice confirmed Wednesday that False Claims Act penalties will soon nearly double, making high-stakes FCA litigation all the more dramatic.
A Utah federal judge ruled Tuesday that the Tenth Circuit should still weigh whether the False Claims Act's so-called first-to-file rule bars a whistleblower suit over uninspected aircraft gears, saying the U.S. Supreme Court's Monday decision not to review the issue in another FCA case did not resolve a circuit split.
A New York federal judge on Wednesday dismissed claims by a Transatlantic Reinsurance Co. employee that the company violated the whistleblower provision of the Dodd-Frank Act by retaliating against her after she complained that a company executive had conflicts of interest, saying the alleged conduct does not constitute securities fraud.
The Supreme Court issued its long-awaited decision in Universal Health Services, Inc. v. United States ex rel. Escobar, the most significant False Claims Act ("FCA") decision of the year. At issue was a theory of liability known as "implied certification," and whether this theory was valid under the FCA.
Philip Morris Sheds Military Cigs FCA Suit At DC Circ. - False Claims Act allegations that Philip Morris overcharged the military for cigarettes got no help Tuesday from the D.C. Circuit, which said the claims were based on publicly disclosed information and the would-be whistleblower was not an original source who could overcome that fact.
The Ontario Securities Commission will officially launch a rewards-backed whistleblower program July 14, and has named longtime regulator Kelly Gorman as the first Chief of the Office of the Whistleblower.
