Those looking to report corruption, fraud, tax evasion, and other forms of misconduct in the corporate world can finally get the protection they deserve as new whistleblower laws in Australia clear federal parliament.
Corporate whistleblower laws introduced in late 2017 have managed to pass the lower house in early 2019. These laws put into place...
Continue reading…
Category: Whistleblower Cases
Franklin Templeton pays $13,850,000 to settle self-dealing lawsuit
Franklin Resources will pay $13,850,000 and make other provisions to settle a lawsuit alleging that defendants breached their Employee Retirement Income Security Act (ERISA) fiduciary duties by causing Franklin Templeton's 401(k) plan to invest in funds offered and managed by Franklin Templeton when better-performing and lower-cost funds were available....
Continue reading…
Contractor traded hunting rifles, football tickets, cellphones and NASCAR tickets as kickbacks for work at nuclear fuel plant, fed say
Contractors Areva and Chicago Bridge and Iron gave kickbacks in the form of football tickets, hunting rifles, cellphones and NASCAR race tickets to get work on a factory at the Savannah River nuclear storage facility says a lawsuit filed by the U.S. Government.
The cost of those kickbacks was...
Continue reading…
Twitter and File Sharing Site Used to Leak Mueller Investigation Evidence By Russian Hackers
Over 1,000 files of evidence gathered by Robert Mueller, special counsel, have been leaked online by Russian hackers using Twitter and a filesharing site as their platform. According to prosecutors, the leaked evidence was an attempt to discredit Mueller's investigation into Moscow's political interferences with the United States.
Promoting The Leak on Twitter
In October, a...
Continue reading…
University pays $2.5 Million to settle False Claims Act charges over violations of bans on incentive compensation for student recruitment
South CarolinaUniversity, will pay $2.5 million to settle federal claims under the False Claims Act of submitting false claims to the U.S. Department of Education in violation of the federal ban on incentive-based compensation, the Justice Department announced today. The settlement resolves allegations that between 2014 and 2016, NGU hired Joined Inc., a...
Continue reading…
Google Reported Shifting $23 Billion to Bermuda in 2017 Using a Dutch Shell Company in Order to Gain Tax Leniency
Google, a renowned international technology company, was found to be using a Dutch shell company in order to reduce its foreign tax bill in 2017 by shifting $24 billion, 19.9 billion euros, of its revenue from royalties to Bermuda. The amount shifted in 2017 through the Netherlands was 4 billion euros more...
Continue reading…
General Electric says it reached tenative agreement with Department of Justice to pay $1.5 Billion for subprime loans
General Electric said this week that it reached a tentative agreement with the Department of Justice that it would pay a fine of $1.5 billion for the lending activities of its shuttered subprime lending unit, WMC Mortgage. Last year, the company booked a reserve of $1.5 billion that may be used as a settlement with...
Continue reading…
Bermuda is the new global headquarters for cryptocurrency after launch of cryptocurrency bank
The Government of Bermuda plans to launch a cryptocurrency focused bank and further international support for cryptocurrency and blockchain technology. The news was announced by Bermuda Premier David Burt during a conversation with the BBC journalist Priya Patel at the World Economic Forum in Davos, Switzerland.
“I’m proud to say that...
Continue reading…
Skilled nursing facility pays $1.5 million to settle claims of illegal kickbacks and Medicare and Tricare patient referral schemes
A skilled nursing facility and its administrator have agreed to pay $1.5 million to settle a False Claims Act case alleging illegal kickbacks and a referral scheme for Medicare and Tricare patients. The United States alleged that these financial arrangements violated the physician self-referral law, commonly known as the “Stark Law,” and...
Continue reading…
FDA now considering complete ban on electronic cigarettes if marketing to teens does not stop
The Food and Drug Administration regulators may enact a ban on electronic cigarettes, if manufacturers do not stop marketing the products to teens and take significant steps tostop the teen vaping epidemic in the United States. At a public hearing on teen vaping , FDA Commissioner Scott Gottlieb said that a full ban on...
Continue reading…
