By Admin | Published February 16, 2015 | Posted in Graft and Corruption | Tagged Tags: JPMorgan Chase, settlement, whistleblower | Leave a comment
In what was the largest settlement ever reached between the United States Department of Justice and a corporation, JPMorgan Chase paid out $13 billion to the government in response to charges that the organization had significantly overstated the quality of the mortgages that it had been selling to investors leading up to the economic downturn. Read More
Read MoreCareAll Management LLC, a Tennessee-based agency that provides in-home health care services, must pay $25 million to settle a whistleblower suit. The agency came to an agreement with the United States Department of Justice and the Tennessee Office of the Attorney General and Reporter. As a part of the settlement, CareAll must abide by strict Read More
Read MoreA whistleblower case involving a nonprofit organization made big news recently after an employee was fired for “uncovering too much corruption” in grants given to the organization. That employee was John Parsons, a former Inspector General for the Global Fund to Fight AIDS, Tuberculosis and Malaria. According to reports, Parsons was fired because his concerns Read More
Read MoreNow that there are more protections available for whistleblowers than ever before, especially whistleblowers in federal agencies, opinions on the act of whistleblowing have also begun to shift in a more positive light. One recent letter to the editor in the Wall Street Journal takes offense to the idea of whistleblower lawyers being similar to Read More
Read MoreAn oil inspector in Texas claims to have been wrongfully fired for reporting safety violations within his company and being subject to unfair retaliation in the time leading up to his dismissal. That inspector, Fred Wright, was fired about a year and a half ago. He had had a successful career including numerous excellent Read More
Read MoreA pair of former brokers for Goldman Sachs & Company’s Los Angeles offices earned $7.6 million in monetary awards after filing a wrongful termination and discrimination suit against the company. The men, Chris Barra and Luis Sampredo, received a total of $5.2 million in compensatory damages and $2 million in punitive damages against the company. Read More
Read MoreIn retrospect, 2014 has to be considered a success for the whistleblower program run by the United States Securities and Exchange Commission (SEC). This year, whistleblowers who earned awards through the SEC earned more money than in all previous years of the program’s existence combined, with one whistleblower who reported major fraud within a company Read More
Read MoreThe Occupational Health and Safety Administration (OSHA) gave a MTA Metro-North railroad employee a record award under the Federal Railroad Safety Act after they suffered an injury in 2011. The $250,000 in punitive damages and additional $10,000 in compensatory damages awarded to the unnamed victim make up the most money ever given in a FSRA Read More
Read MoreOn December 15, the Court of Appeals for the state of Minnesota made a decision that reversed 20 years of precedent by extending the Minnesota Whistleblower Act’s statute of limitations from two to six years. The decision came in a claim made by a former employee of Minneapolis Public Schools who reported financial discrepancies within Read More
Read MoreSince the establishment of the SEC Whistleblower Program, there have been a lot more highly publicized cases of whistleblowers coming forward and revealing wrongdoing within their organizations, specifically in regard to fraudulent activity. Awards through the SEC have been reaching record levels this year, with one person coming away with a $30 million settlement after Read More
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