Some changes caused by the pandemic were predictable, but others have been unforeseen. Many were likely surprised in 2020 when there was a 35% increase in tips sent to the Securities Exchange Commission (SEC). These tips, complaints, and referrals led to hundreds of...
Experienced Strategists Dedicated To Achieving Clients’ Goals
Whistleblower Claims
Broad New Whistleblower Law Applies to Banks, Many Cash Businesses
The federal Anti-Money Laundering Act of 2020 (AMLA) took effect this year. It provides substantial protections for whistleblowers who help identify activities that could involve money laundering or the financing of terrorism. It is an effort to modernize the Bank...
False Claims Act Whistleblowers Can Reap Substantial Rewards
Have you become aware of fraud in a federal government contract or program? If you are considering blowing the whistle, you might qualify for a reward. In successful cases, whistleblowers who file under the False Claims Act are eligible for between 15% and 30% of any...
Tesla Whistleblower Files Federal Retaliatory Termination Suit
A former Tesla employee has filed a federal lawsuit claiming, among other things, that he was fired in retaliation for blowing the whistle. He reported incidents of theft, improper surveillance, improper contract awards and even drug trafficking, which he alleges took...
Proposed SEC Whistleblower Rule And Your Company’s Compliance
The Securities and Exchange Commission recently proposed a change to how it rewards private citizens who blow the whistle on securities violations under the Dodd-Frank Act. Under the proposal, the commission would have the discretion to increase some whistleblower...