Despite the COVID-19 crisis, the Securities & Exchange Commission has continued to increase multi-million dollar awards awards under its Dodd-Frank whistleblower program.
Since January 21, 2020, when the CDC confirmed the first case of COVID-19 in the United States, the SEC has issued 12 whistleblower awards totaling approximately $64 million. Some of the highlights of these...
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Category: Whistleblower Laws
Newman Law Offices announces settlement Encore Rehabilitation to pay $4.033 Million to settle whistleblower case
Skilled Nursing Rehabilitation and Therapy company, Encore Rehabilitation Services, LLC (Encore) which services hundreds of skilled nursing facilities in 25 states will pay $4,033,346 with interest settling a False Claims Act lawsuit alleging healthcare fraud. The case, captioned UNITED STATES EX REL REZA SAFFARIAN AND AUDREY THEILE V. ENCORE REHABILITATION SERVICES, LLC ET AL...
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Newman Law Offices False Claims Act whistleblower case against nursing home chain Saber Healthcare settles for $10 Million
The nursing home chain, Saber Healthcare Group LLC, and related entities, (Saber) have agreed to pay $10 million to settle a whistleblower case alleging that Saber violated the False Claims Act by knowingly causing certain of its skilled nursing facilities (SNFs) to submit false claims to Medicare for rehabilitation therapy services that were not...
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Securities & Exchange Commission awards $2 Million to whistleblower
The Securities and Exchange Commission today announced an award of approximately $2 million to a whistleblower who provided vital information and assistance that substantially contributed to an ongoing investigation. The whistleblower’s information would have been difficult for the agency to obtain absent the tip.
“The whistleblower’s actions in this matter...
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Guardian Elder Care therapy company pays $15.4 Million to settle False Claims Act case for billing medically unnecessary Rehab services to Medicare
Guardian Elder Care Holdings Inc., and related companies Guardian LTC Management Inc., Guardian Elder Care Management Inc., Guardian Elder Care Management I Inc., and Guardian Rehabilitation Services Inc., (Guardian) agreed to pay $15,466,278 to resolve False Claims...
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Cryptocurrency company owner targeting docs with proprietary alogorithm said to get extraordinary profits charged by SEC with fraud
The Securities and Exchange Commission filed charges against an Ohio-based businessman who allegedly orchestrated a digital asset scheme that defrauded approximately 150 investors, including many physicians.
The SEC alleges that Michael W. Ackerman, along with two business partners, raised at least $33 million by claiming to investors that...
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Bitcoin purchases and sales in darknet markets spikes according to Chainalysis
The number of Bitcoin transactions by volume on darknet markets, exchanges and gambling services increased substantially in the fourth quarter of 2019. Those markets include the purchase and sales of illegal drugs. According to a new Crytpo Crime Report published this week, over $600 million worth of...
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Sanofi charged in Depakine epilepsy drug that causes birth defects and impedes neurological development in pregnant patients.
The Global pharma company Sanofi has been formally charged over Depakine, a therapy for epilepsy that causes birth defects and impedes neurological development when taken during pregnancy. The compound sodium valproate was deemed to cause neurodevelopmental risks emerged. In 2015, authorities recommended that practitioners should no longer prescribe the treatment for women of childbearing...
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Airbus pays over $3.9 Billion in penalties to settle foreign bribery and ITAR case
Airbus SE (Airbus or the Company), a global provider of civilian and military aircraft based in France, has agreed to pay combined penalties of more than $3.9 billion to resolve foreign bribery charges with authorities in the United States, France and the United...
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Overview of the Motor Vehicle Safety Whistleblower Act (MVSWA)
The Motor Vehicle Safety Whistleblower Act (“MVSWA”) provides monetary rewards to individuals (also known as whistleblowers) who report information about automobile safety issues to the federal government. The MVSWA, which is similar to the False Claims Act and other whistleblower laws, was created to keep America’s highways...
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