It’s no shock that a political change in the Executive Branch leads to an increase in grant fraud and procurement fraud enforcement. The reason? There is low risk in scrutinizing grants and contracts awarded by the outgoing administration. Whatever shenanigans are discovered by a new Administration will
Read more →
Cinnaminson, NJ- Contracted by the U.S. Government for freight housing and maritime transport, respectively, Jacintoport International LLC and Seaboard Marine Ltd have agreed to pay $1.075 million jointly for False Claims allegations. Jacintoport, a warehousing and stevedoring firm, and Seaboard Marine, a cargo shipping company, were purchase by
Read more →Cinnaminson, NJ- SEC announces second-largest award in program’s five year history; $17 million. Created to encourage individuals to speak out against corrupt practices by promising both anonymity and awards, the SEC’s Whistleblower program continues to experience rising success and airplay. Per the article, the name of the individual who came forward,
Read more →Cinnaminson, NJ- Genentech Inc. (San Francisco, CA) and OSI Pharmaceuticals LLC (Farmingdale, NY) are to jointly pay $67 million following allegations of distorting effectiveness of a drug under the False Claims Act. The drug, Tarceva, was endorsed by both companies for its treatment of non-small cell lung
Read more →
Cinnaminson, NJ- The SEC has continued to demonstrate its power in its new whistleblower program, rewarding two whistleblowers with $450,000 jointly. The third SEC whistleblower award this month, this payout follows a multi-million dollar settlement just last week, illustrating the SEC’s conviction in protecting, encouraging, and rewarding
Read more →
Cinnaminson, NJ- The Security and Exchange Commission’s (SEC) whistleblower program continues to build momentum, awarding its third-highest whistleblower payment ($5-6 million) as well as censoring his/her identity and former employer. The subsequent article is reproduced below, with original link following. SEC Awards More Than $5
Read more →
The #SEC press release below stresses makes two main points. First, the SEC whistleblower program has been growing legs and there has been a steady upward progression of whistleblower awards. Second, for a whistleblower to receive an award the infromation provided does not necessarily have to trigger
Read more →