Thomson Reuters Session 2: Investment Management, Hedge Funds and Registered Mutual Funds: What's Happening Now?
A Price Worth Paying?
SEC Whistleblower Program: What Employers Need to Know
Is Edward Snowden a Whistleblower?
First SEC whistleblower award-6 lessons learned
Whistleblower Tax Suits on the Rise
US government regulators have become more aggressive in their detection and enforcement of fraud against the government. One of the key tools they are using to combat such fraud is the False Claims Act. Most FCA cases are...more
Whistleblower tips are one of the most effective ways to uncover fraud and bribery -
Every morning once I've grabbed my cup of "wake me up", I head to my desk and troll the internet for interesting stories and coverage...more
Here at Whistleblower Security, we’ve covered basically every type of fraud from phone fraud to check fraud to academic fraud to even food fraud.
Now it’s time to talk about scientific fraud....more
Considering revamping your Code of Conduct. Or maybe you're creating one from scratch? Here's a few things you should take into account.
When an organization is about to implement an anti-corruption compliance program,...more
Real estate investment trust American Realty Capital Properties (“ARCP”) recently announced the preliminary findings of an Audit Committee investigation into accounting irregularities and the resulting resignation of its...more
In the spirit of Halloween, let’s start off with a spooky scene.
Imagine an office. Everyone has already left for the weekend, leaving the office completely empty. The doors are locked, and no one can get in. It’s...more
Every Halloween, the cute traditional images re-emerge from our closets and the attics. Ghosts, gravestones, plastic pumpkins, and perhaps the most common of all – skeletons. Given the recent heightened status of...more
On October 20, the United States District Court for the Southern District of Ohio found that the False Claims Act (“FCA”) did not protect an employee who was fired after revealing his history as a whistleblower and offering...more
Governments need to ensure proactive measures are in place Just like any organization -
As the world has heard by now, Canada was rocked by two unique, and tragic, events. Last week a soldier was killed in a parking...more
The UK Whistleblowing Report - not quite a passing grade -
According to Public Concern at Work, the whistleblowing charity, 2013 was the year of the whistleblower in the UK. Stories of whistleblowers have been, and...more
Back in 2003 Karl Schumann filed a whistleblower suit alleging that as an executive with benefits company Medco, he learned that Bristol-Myers Squibb and AstraZeneca paid kickbacks to Medco to buy and recommend brand name...more
This month, FINRA issued guidance notice 14-40 to reminds firms that “it is a violation of FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) to include confidentiality provisions in settlement agreements...more
"... even popular social media platforms, but, sh, don't tell" -
Kind of like confessions in a personal diary, Whisper is an app that lets users anonymously share their secrets with millions of others in acts of...more
As reported this week by Law360 (subscription required), the Financial Industry Regulatory Authority (FINRA) recently issued a reminder (Regulatory Notice 14-40) warning firms against the use of confidentiality provisions in...more
Global Corruption Survey -
Transparency International carried out a Global Corruption Survey for 2013 to just under 100 countries. The results from this survey indicate that one in four people had paid a bribe to a...more
I've often wondered why well known, large, and "everybody knows the brand" organizations feel the need to cover up instances of when employees come forward to report wrongdoing. We've seen the General Motors debacle over an...more
Millionaire whistleblower stays on the lookout -
You'd think that after a $6 million reward for a job well done, you might just call it a day and kick back on the beach.
Not so for Jacqueline Nash Bloink.
On July 31, 2014, the SEC awarded $400,000 to a whistleblower who had reported internally before providing information to the SEC. The award was unique because the SEC’s Claims Review Staff had denied the whistleblower’s...more
The Securities and Exchange Commission has underscored the importance of a timely response to internal reports of wrongdoing by awarding $300,000 to a whistleblower who was an audit and compliance employee....more
It’s that time again! Last week we released the 2014 Corporate Governance and Compliance Hotline Benchmarking Report. This is our 9th year releasing the Benchmarking Report. The full report covers best practices across all...more
In 5... 4... 3... 2... 1...
The ACFEs 2014 Report to the Nations states that the most effective method for reducing workplace fraud is to implement an ethics hotline to allow and encourage employees, customers, and...more
In This Issue:
- SEC Pays First Whistleblower Award to Audit and Compliance Professional
- Supreme Court Allows Affordable Care Act Contraceptives Religious Exemption
- EEOC Adopts New Pregnancy...more
On September 22, 2014, the SEC announced its largest whistleblower award to date under its Dodd-Frank whistleblower bounty program. It awarded $30-$35 million to an anonymous whistleblower who the Commission said provided...more
Today the SEC announced that it will pay $30 million to a whistleblower in the largest award ever doled out by the agency.
This news is monumental and will send shock waves around the financial world—along with gut...more
A couple of recent whistleblower cases that have received national attention show the large divide that still exists in the way that these cases can progress. The first case saw the SEC award a whistleblower $400,000 for...more
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