TD Bank last month became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures and to conspiracy to commit money laundering. The dubious distinction came with agreements to pay more than $3 billion in penalties — the largest penalty ever imposed under the act. Internal bank communications showed that employees knew lax internal policies made TD Bank, the nation’s 10th-largest bank, an easy solution for criminal networks. What’s not known: How the … [Read more...]
Crypto-related fraud losses hit $5.6B; whistleblowers can help
Online scams are soaring, drawing the eye of federal enforcers, who want the help of whistleblowers to prosecute and stop fraudsters. Cryptocurrency-related complaints, an up-and-coming area of fraud, hit $5.6 billion in losses last year, up 45 percent from 2022, according to an FBI report. Investment fraud accounted for the bulk of the crimes with a cryptocurrency nexus, followed by tech support scams, personal data breaches, extortion, confidence/romance, and government … [Read more...]
$60M settlement underscores need for Medicare whistleblowers
A CVS subsidiary recently struck a $60 million settlement to resolve kickback allegations, the latest settlement highlighting financial threats to Medicare programs. Oak Street Health allegedly paid third-party insurance agents to recruit to its primary care clinics seniors who were either eligible for or enrolled in Medicare Advantage, regardless of the best interests of the seniors, in violation of the False Claims Act and Anti-Kickback Statute, according to a release. Some Medicare … [Read more...]
What Every Whistleblower Needs to Know: Takeaways from Kathleen Scanlan’s Fraud in America Podcast Episode
If you're considering exposing fraud against the government, understanding the journey ahead is vital. In a recent episode of the Fraud in America podcast, Keller Grover attorney Kate Scanlan, known for her extensive experience with the False Claims Act (FCA), and host Jeb White shed light on what whistleblowers need to know before they make the decision to step forward. Here are some of the key takeaways Kathleen and Jeb offer to help potential whistleblowers understand the complexities of … [Read more...]
Whistleblowers Can Play a Vital Role in Uncovering Fraud in Climate Funding
As climate change intensifies, the federal government has ramped up its efforts to combat its effects, including allocating billions of dollars to various environmental programs. Recently, the Environmental Protection Agency (EPA) announced a $4.3 billion investment into community-driven climate projects across 30 states, ranging from forest management initiatives to household energy efficiency improvements. This funding, part of the broader Climate Pollution Reduction Grants Program, is … [Read more...]
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