SEC Gives Largest Whistleblower Award in History
The SEC will award a record-breaking $48 million to a single whistleblower. This is excellent news for consumers and investors. The SEC is taking fraud extremely seriously. Also, the agency is rewarding good-doers for coming forward. The Law Protects and Rewards a Whistleblower When a knowledgeable attorney like those found at The Michael Brady Lynch
Read MoreBank of America Pays $3.4M to Whistleblower
In the newest Bank of America whistleblower settlement, the financial giant agreed to pay $3.4 million dollars to a courageous whistleblower. This comes after claims that the bank still was not meeting documentation standards for foreclosures. This is even after agreeing to as part of a $25 billion consent judgment involving the bank. The Law Protects
Read MoreDental Whistleblowers Save Children From Unneeded Procedures
Kool Smiles dental clinics pressured their dentists to perform unnecessary root canals and tooth extractions on child patients. Then the clinics submitted false claims to Medicaid for the procedures, saying they were medically necessary. The Justice Department charged the company $23.9M for their fraudulent practices, and $2.4M will go to three whistleblowers who exposed the
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Kmart Whistleblower Receives $9.3M
A Kmart whistleblower will receive $9.3 million as part of a $32.2 million settlement. This settlement comes after a whistleblower, a former Kmart pharmacist, alleged that company overcharged federal health care programs. Also, this included private insurers for generic prescription drugs. About Whistleblower Laws When a knowledgeable attorney like those found at The Michael Brady
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Whistleblowers Save Taxpayers $3.7B Last Year
The Department of Justice announced that in 2017, the department collected $3.7 billion in settlements and judgments from False Claim Act lawsuits. The False Claims Act is a statute that allows an individual who notices fraud to file lawsuits on behalf of the government. About The False Claims Act The Congress originally passed the False Claims Act
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Public School Whistleblower to Receive $800k
Former Chief Financial Officer for Albuquerque public schools will receive $800,000. The school district he formerly worked for will pay him for courageously coming forward to report fraud in district audits. He came forward even though the superintendent threatened his job. Whistleblower Statute Most whistleblowers come forward to do what is right. They have noticed
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Oncology Practice Pays $26M in Medical Software Fraud Lawsuit
21st Century Oncology Inc. is a Ft. Myers-based oncology practice. A former employee approached the Department of Justice when he discovered software fraud committed by the practice. The company agreed to pay $26 million to settle the case, and the whistleblower will receive $2 million for his tip. The Law Protects and Rewards a Whistleblower When
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The First American Whistleblowers
Being a whistleblower isn’t a new invention. To speak out against fraud is an American tradition. In fact, Congress passed the first American whistleblower laws when two soldiers took a stand against British army practices. Setting the Stage for the First Whistleblower Law Months after the Founding Fathers signed the Declaration of Independence in 1777,
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Nationwide Pharmacy to Pay $63.7M for Medical Billing Fraud
DaVita Rx is a nationwide pharmacy that specializes in serving patients with severe kidney disease. The company agreed to pay a total of $63.7 million to resolve False Claims Act allegations. A whistleblower came forward to report that the company used improper billing practices to gain financial benefits from defrauding federal healthcare programs. About the
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Silicon Valley the Next Whistleblower Hot Spot
Most of the time, people assume that whistleblowers come from the medical field or Wall Street. But, there is a huge number of new whistleblowers coming forward in a new area of the business world. A section already riddled with a problematic reputation, Silicon Valley. Silicon Valley isn’t just comprised of large public tech companies
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