IT Management Software company SolarWinds, whose software was breached in a Russian cyberattack, said in an SEC filing that...
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Category: Whistleblower Cases
SEC lawsuit charges former credit relating agency Morningstar Credit Ratings LLC violated securities laws regarding internal controls
The Securities and Exchange Commission filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS).
Credit ratings are used by market participants to help evaluate credit risk, price certain securities, and guide the...
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New Treasury Department whistleblower rewards anti-money laundering treasury law expected to lead to large rewards in bank investigations
A new treasury Department whistleblower rewards law that took effect on January 1 is called the Anti-Money Laundering Act of 2020. It created a new whistleblower program to encourage insiders at banks to report finance institutions violations of the Bank Secrecy Act. Those subject to this new law include banks, credit unions, money service...
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SEC charges CEO and owner of GPB Capital and Ascendant Capital $1.7 BILLION Ponzi like scheme based on whistleblower SEC filing
The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. The SEC also charged GPB Capital with violating the whistleblower protection laws.
The SEC’s...
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Athenahealth Inc. of Watertown Massachusetts pays $18.25 million to settle kickback allegations for its electronic health reords products
Athenhealth Inc. a national electronic health records (EHR) technology vendor based in Watertown, Massachusetts, athenahealth Inc. (Athena), has agreed to pay $18.25 million to resolve allegations that it violated the False Claims Act by...
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Texas Heart Hospital pays $48 million to settle kickbacks case with Department of Justice and MD Whistleblowers to get $13.920 million
Texas Heart Hospital of the Southwest LLP, a partially physician-owned hospital in Plano, Texas, and its wholly owned subsidiary, THHBP Management Company LLC (collectively, the “Heart Hospital”) have agreed to pay the United States $48 million to resolve claims that the Heart Hospital violated the False Claims Act by knowingly submitting claims to the...
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Apple pays up to $800 million to settle investigation by states on deliberate slowing down of older iphones to extend battery life
Apple will pay $113 million to 34 states over its practice of deliberately slowing down older iPhones to extend their battery life. This will settle an investigation by the states including California and Arizona over how the company was not transparent about its iPhone battery problems that led to unexpected...
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U.S. Department of State is offering up to $10 million whistleblower rewards for info on interference with US elections by foreign government
The U.S. Department of State’s Rewards for Justice program is offering a reward of up to $10 million for information leading to the identification or location of any person who, while acting at the direction of or under the control of a foreign government, interferes...
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Securities and Exchange Commission announces record $114 million whistleblower reward. More to come.
The highest award for information leading to a successful investigation and settlement was announced by...
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Cordant Health Solutions, drug testing lab pays $12 million to settle charges it paid kickbacks for referrals of drug tests paid by Medicare
The U.S. Department of Justice and Sterling Healthcare Opco, LLC d/b/a/Cordant Health Solutions (Cordant), today settled a civil suit alleging Cordant illegally paid kickbacks to generate urine testing business from government insured consumers. Cordant has agreed to pay various government...
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