On February 4, the U.S. Securities and Exchange Commission (SEC) announced charges against investment adviser GPB Capital and individuals affiliated with the firm, including its owner and CEO, David Gentile and Jeffry Schneider, the owner of GPB Capital’s placement agent Ascendant Capital. The SEC alleged that the firm and its affiliates had...
Doctors, pharmacies, and pharmaceutical companies can make millions of dollars through prescription drug fraud. These schemes cost the taxpayers money because many drugs are paid for by government programs like Medicare or Medicaid and can hurt people everywhere by making insurance and health care more expensive for everyone. Whistleblowers are...
State and federal laws provide robust protections to whistleblowers. However, you cannot use these laws if you cannot keep yourself safe. Your safety and security should always be a whistleblower attorney’s top priority. Here are some tips about how to safely blow the whistle. Confidentially Talk to a Civil...
Certain whistleblower laws require the whistleblower to show that they provided non-public information in order to receive a whistleblower award. This requirement leads many prospective whistleblowers to ask whether they can be a whistleblower after being fired. A fired employee can be a whistleblower. In fact, fired employees are sometimes...
With a new presidential administration and new local government officials taking office across the country, it is a prime opportunity to make real strides to end police brutality and law enforcement corruption. In addition to passing reforms and new laws, true change will require those inside law enforcement to...
On January 7, the Securities and Exchange Commission announced that it had awarded more than $1.1 million to five whistleblowers for producing information that led to a successful enforcement action. The SEC Relies on Whistleblowers to Fight Securities Fraud The SEC’s first order awarded almost $500,000 to three whistleblowers...
The SEC has already made whistleblower awards of almost $180 million to 22 individuals in the first quarter of fiscal 2021–which runs from October 1, 2020 through December 31, 2020. In fiscal year 2020, the SEC paid a record $175 million to 39 tipsters, but it has already broken...
This fall, the Securities and Exchange Commission revamped its whistleblower awards program for the first time in 10 years. Those reforms — touching on who is eligible to receive an award for bringing tips to the agency; how large the award might be; and the actual process to submit...
On December 22, 2020, the SEC awarded a whistleblower more than $1.6 million for providing a tip which directly led to a successful enforcement action. Whistleblowers Are Key to Fighting Corporate Fraud The whistleblower produced crucial information and personal knowledge about an ongoing fraudulent scheme, while offering extensive assistance...
On December 18, 2020, the SEC announced three different whistleblower awards totaling over $3.6 million. Because the SEC does not disclose details about its whistleblower awards unless the enforcement action is public, there is no information about the cases themselves except for the SEC’s bare-bones press release. (This is...