The Commodity Futures Trading Commission (CTFC) is encouraging whistleblowers with knowledge of corrupt practices to step forward and submit an application for a reward. The CFTC will pay monetary rewards for whistleblowers who report successful leads resulting in...
Firm Qui Tam/False Claims Act Relator Aided Government leading to Agreed Judgement of $11 Million
A civil investigation into the Texas Center for Orthopedic and Spinal Disorders commenced after a whistleblower, represented by Hilder & Associates, P.C., filed a Qui-Tam lawsuit alleging that a doctor committed fraud through his clinic. The complaint alleged that...
SEC awards 2 foreign whistleblowers with millions
The U.S. Securities and Exchange Commission, which protects investors by regulating the securities markets, maintains a whistleblower program. While the SEC regularly awards millions of dollars to individuals inside the U.S. who provide information about securities...
SEC awards millions to whistleblowers
In recent weeks, the Securities and Exchange Commission has awarded over $182 million to whistleblowers who provided crucial information to the SEC that helped its investigators stop fraud in both the domestic and international markets. What most people fail to...
Understanding the Texas Whistleblower Act
In Texas, public employees have the right to call attention to illegal conduct without fearing repercussions or retaliation. Texas Whistleblower Act provides certain protections at the state and federal levels. How the Texas Whistleblower Act protects public...
Taking advantage of the SEC Whistleblower Protection Program
The U.S. Securities and Exchange Commission has broad authority to investigate violations of federal securities law. While the SEC has a variety of ways to uncover illegal insider trading, the commission regularly relies on information from whistleblowers. To...
The FIRREA Whistleblower
Whistleblowers can bring claims under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”) pursuant to a companion statue, the Financial Institutions Anti-Fraud Enforcement Act. FIRREA imposes civil penalties if the government can prove,...
CFTC Whistleblower Awards go to Four Individuals
The CFTC issued Whistleblower Awards to four individuals totaling over $ 2 Million. The Whistleblowers jointly submitted the tip to the CFTC and each provided “significant”, ongoing assistance in bringing the enforcement action. Since the first award in 2014, the CFTC...
How to Report Fraud During the Pandemic
There is an increased opportunity for individuals and companies to take advantage during the COVID-19 pandemic and illegally profit from the crisis for financial gain. Because of this, there may be an uptick of violations of the False Claims Act related to the...
$27 Million SEC Whistleblower Reward
The Securities and Exchange Commission issued a $ 27 million Whistleblower reward to an individual who disclosed misconduct, some of which occurred overseas. The bounty was the largest SEC award this year and the sixth overall since the beginning of the...
