By Steve Kardell | Published June 6, 2016 | Posted in Foreign Corrupt Practices Act | Tagged Tags: whistleblower awards | Comments Off on Potential Exists for Whistleblower Awards for FCPA Tips
Potential Exists for Whistleblower Awards for FCPA Tips
The $57 million that has been paid out in 26 whistleblower awards from the Securities and Exchange Commission (SEC) since its whistleblower protection program began has not included any Foreign Corrupt Practices Act (FCPA) tips. However, because the SEC’s program is still relatively new and foreign investigations often take a great deal of time, there Read More
Read MoreWhistleblower Files Lawsuit Against Volkswagen over Wrongful Termination
A whistleblower has filed a lawsuit against auto manufacturer Volkswagen, claiming he was terminated by the company after attempting to stop it from deleting evidence related to investigations into excess vehicle emissions. Depending on how this lawsuit turns out, it could have an impact on the ultimate size of the penalties imposed on the company Read More
Read More$1 Billion Lawsuit Against Raytheon Will Proceed
According to the 9th U.S. Circuit Court of Appeals in Pasadena, California, a billion-dollar lawsuit against Raytheon Co. will proceed. The defense contractor is accused of fraudulently overbilling the U.S. federal government in a contract to develop weather sensors for environmental satellite systems. The whistleblower is a former engineer for the company, and according to Read More
Read MoreRoofer Awarded $400,000 in Whistleblower Case
A roofer from Madison, Maine was awarded more than $400,000 for being the key whistleblower in a recently settled lawsuit over allegations a company regularly cut corners when working on federal building projects in the state. The whistleblower helped expose allegations of fraud after being hired as a subcontractor by Belcon Enterprises, which was previously Read More
Read MoreWhistleblower Receives $750,000 Award from SEC
In a recent case, the U.S. Securities and Exchange Commission (SEC) awarded a Winnetka, Illinois man with a $750,000 award for his role in alerting authorities to securities law violations on the New York Stock Exchange. The man first raised concerns about these violations in 2010. At the time, he had discovered data that he Read More
Read MoreWhistleblower Awarded $51 Million After Reporting Illegal Kickbacks and Bribery
A whistleblower will collect $51 million after alerting authorities to a scheme of illegal kickbacks and bribes at Olympus Corporation of the Americas, a medical device company. In total, the company will have to pay $646 million in fines after admitting to the wrongdoing. Approximately half of that money is a criminal penalty for violating Read More
Read MoreLatest SEC Whistleblower Award Goes to 3 People
The U.S. Securities and Exchange Commission (SEC) continues to hand out large financial awards to whistleblowers under its program created by the Dodd-Frank Act of 2010. Any whistleblower tips that lead to enforcement action worth more than $1 million in monetary damages make whistleblowers eligible for a 10 to 30 percent cut of the collected Read More
Read MoreNew Potential Whistleblower Protection Bill Moves Forward
U.S. Rep. Rod Blum of Iowa has created a new piece of potential legislation that would better protect federal employees who blow the whistle on wrongdoing within their agencies. This new bill is called the Thoroughly Investigating Retaliation Against Whistleblowers Act, and it already has a bipartisan group of co-sponsors and unanimous support from the Read More
Read MoreJP Morgan Ordered to Reinstate Whistleblower and Pay Awards
Federal labor officials have ordered JPMorgan Chase Bank to reinstate an employee who was the victim of wrongful termination after he raised some concerns about the firm’s repeated failure to properly report its financial transactions to federal regulators. The Occupational Health and Safety Administration (OSHA) announced the decision Monday, March 14. In addition to giving Read More
Read MoreOSHA Eases Up on Pleading Standards for Whistleblower Claims
Large employers could expect to see an even greater increase in whistleblower complaints after new guidance from the Occupational Health and Safety Administration relaxes some of the standards for investigators who are given the task of determining if violations of whistleblower law exist. The revisions to OSHA’s Whistleblower Investigations Manual went into effect on January Read More
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