By Steve Kardell | Published December 31, 2020 | Posted in Fraud | Tagged Tags: Commodity Futures Trading Commission, financial crime, financial fraud |
The Commodity Futures Trading Commission (CFTC) announced a record judgment against JPMorgan Chase & Company and its subsidiaries. JPMorgan will pay out a record $920.2 million for a CFTC case, which includes the highest amounts of restitution, disgorgement and civil monetary amounts every for a “spoofing” case. Case background JPMorgan was accused of “manipulative and Read More
Read MoreThe Occupational Safety and Health Administration (OSHA) reports an increase in whistleblower complaints, particularly over the course of the COVID-19 pandemic and many of which are related to the pandemic itself. For the time from February 18 through May 31, there were 4,101 whistleblower complaints filed with the agency, an increase of 30 percent over Read More
Read MoreWheeling Hospital in West Virginia recently agreed to pay $50 million to the federal government to settle a whistleblower case alleging improper kickbacks and payments to doctors that were directed by hospital management. The settlement concluded a case that dates back to 2017, filed by former hospital executive vice president Louis Longo. Longo will receive Read More
Read MoreAn ex-attorney for American International Group (AIG) filed a federal lawsuit claiming AIG fired him after he formally complained about fraudulent activity surrounding an effort to create a separate legal services company. Case background That whistleblower is Aaron Katzel, who worked at AIG for a decade and headed the Legal Operations Center (LOC) for the Read More
Read MorePotential whistleblowers in a medical setting should be familiar with HIPAA and its implications if they are to establish a viable case that does not violate the rights of other people. It’s generally suggested that whistleblowers have documentary proof to boost their credibility in a case and to demonstrate you have information that can lead Read More
Read MorePresbyterian Healthcare Services, a healthcare organization that operates Lincoln County Medical Center and its emergency services unit in New Mexico, paid $150,000 and provided other relief to settle a race discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). Case background The Lincoln County Medical Center allegedly discriminated against a black Read More
Read MoreWells Fargo agreed to pay $7.8 million to settle national claims that it routinely discriminated against black and female job applicants, a violation of antidiscrimination laws. According to the U.S. Department of Labor’s Office of Federal Contract Compliance Programs, the national banking institution discriminated against more than 34,000 black applicants for various roles, and 308 Read More
Read MoreThe Commodities Futures Trading Commission (CFTC) announced this summer a whistleblower award of approximately $9 million, one of its most valuable awards yet. The award was granted to a whistleblower who provided specific, credible and timely information that led the CFTC to open an investigation that ultimately led to a successful enforcement action. It is Read More
Read MoreIn July, the U.S. District Court for the Central District of California entered a final judgment to resolve allegations from the Consumer Financial Protection Bureau’s (CFPB) allegations against Certified Forensic Loan Auditors, LLC (CFLA) and its owner, Andrew Lehman. CFLA offers foreclosure relief services. According to the CFPB, CFLA and Lehman regularly performed “deceptive and Read More
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