The U.S. Senate Judiciary Committee recently voted to advance a bill strengthening the False Claims Act, the first significant amendment to the law in more than a decade. At an Oct. 28 hearing, the committee voted the False Claims Amendments Act of 2021 (S.2428) out of committee, advancing it to the Senate floor for consideration. The bill boasts bipartisan support. Its cosponsors include Sens. Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vermont). The False Claims Act was originally … [Read more...]
U.S. whistleblower action recoups $2B in 2018; looking ahead to 2019
Whistleblowers played a key role in protecting the U.S. government from fraud in fiscal 2018. Settlements and judgments from False Claims Act actions, which are civil cases involving fraud and false claims against the government, returned $2.88 billion to government coffers. The bulk of that ($2.1 billion) came from whistleblower — or qui tam — actions, according to the Justice Department. The federal government’s fiscal year ended in September. During the Civil War, this type of fraud … [Read more...]
Whistleblower Activity Jumps; Regulators Offer More and Bigger Rewards
More people have stepped up as whistleblowers, and federal markets regulators are repaying their courage with significant cash in a renewed push to work with and reward those who report wrongdoing. In September alone, the U.S. Securities and Exchange Commission handed out nearly $60 million in awards, including its second-largest award ever. Meanwhile, the U.S. Commodity Futures Trading Commission — which had been relatively quiet, making only four awards since its whistleblower program’s … [Read more...]
Whistleblower Retaliation Takes a Troubling Turn
A new workplace ethics survey reveals concerning news: Employees who report wrongdoing are much more likely to pay for their honesty today. The rate of retaliation against whistleblowers doubled from 22 percent in 2013 to 44 percent in 2017, according to the latest Global Business Ethics Survey from the Ethics & Compliance Initiative. On the surface, it would seem that this backlash is because reporting of misconduct hit the highest recorded rates in the 24-year-old survey’s … [Read more...]
Regulators Signal Greater Support for Cybersecurity Whistleblowers
The murky world of cybersecurity remains fraught with worries for those trying to prevent hacks, but it has gotten somewhat clearer of late for employees who see their companies ignoring risks. For one thing, federal regulators are taking the issue seriously, despite its relative newness on the securities law stage. For another, some rules have been clarified regarding protections for cybersecurity whistleblowers. From a federal perspective, cyber intrusions are an obvious problem that can … [Read more...]
- « Previous Page
- 1
- …
- 21
- 22
- 23
- 24
- 25
- 26
- Next Page »