The U.S. Securities and Exchange Commission said it awarded more than $28 million to a whistleblower whose tip helped them and the Justice Department launch investigations that led to bribery charges against a U.S. subsidiary of Japanese electronics company APanasonic Corp. and former executives. Lawyers representing the whistleblower said the award was connected to...
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Category: Blogs by Jeffrey Newman
Insider trading lawsuit being prepare against Eastman Kodak and execs
AN insider-trading lawsuit is apparently being prepared against Eastman Kodak and its top execs relating to stock buys and...
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Record number of individuals scammed by cybercriminals over sale of cryptocurrency
Scams of with fraudulent offers of cryptocurrency investments have spiked heavily according to the Federal Trade Commision. Nearly 7,000 people reported losses of more than $80 million from October through...
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Massachusetts and Rhode Island men plead guilty in “first of kind” in nation Cares Act Fraud case
David Staveley, a/k/a Kurt Sanborn, , of Andover, MA, admitted he conspired with David Butziger, 53, of Warwick, RI, to file four fraudulent PPP loan applications with a Rhode Island bank, falsely claiming they owned businesses with large monthly payrolls. They did not own the business. Staveley...
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Securities and Exchange Commission awards $22 million to two whistleblowers for revealing securities violations
The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.
The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award. The larger award...
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