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The latest news on what’s happening in the world of the False Claims Act and the IRS, SEC and CFTC whistleblower programs.  

For recent TAF newsletter content, see our archive.

| Anonymous (not verified)

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Steve Bannon, chief strategist and Senior Counselor for President-elect Donald Trump, speaking in 2014:

| Bannon, criminal
| Patrick Burns

A whistleblower-initiated case against Allied Home Mortgage went to trial and came back with a $92 million verdict against Allied. The verdict is subject to mandatory trebling and a $5,500 to $11,000 per-violation penalty, which should bring the total to over $286 million. 

FCA | Allied Home, Winner
| Anonymous (not verified)

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Top Cases | Epipen, Senate, Grassley, Warren
| David Griscom

President-elect Donald Trump has promised to “drain the swamp” of corporate cronyism.

How do you do that?

Patrick Burns of the TAF Education Fund has a suggestion. 

From a May 21, 2009 interview with Corporate Crime Reporter:

Trying to Drain a Swamp With a Garden Hose

FCA | Incentive Integrity, Trump, Burns, corporate crime reporter
| David Griscom

A New Jersey OB-GYN has settled a $5.25 million False Claims Act case and, as part of the settlement agreement, he has been excluded from Medicare and Medicaid for 20 years.

Exclusion of bad actors from federal programs is fairly common. HHS, DoD, and GSA each do about 4,000 exclusions a year.

 

FCA | exclusion, Jail, criminal
| Patrick Burns

The SEC Whistleblower Program paid out a record $57 million in Fiscal Year 2016, according to the agency’s 2016 annual report to Congress released earlier this week. That figure is more than all the awards issued in previous years combined.

SEC |
| Patrick Burns

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Beware of predictions, especially about the future.

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| David Griscom

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Check out what Jane Norberg, Chief of the SEC’s Office of the Whistleblower, had to say about the SEC's recent $20 million award:    

SEC | SEC, Whistlblower, What They're Saying, Jane Norberg
| David Griscom

BTG will pay $36 million to settle claims the British medical device manufacturer conducted an illegal marketing campaign. BTG will pay $25 million in civil claims, and an additional $11 million in criminal penalties. 

 
Top Cases | BTG, Newman, Waters & Krauss
| Patrick Burns

Harry Markopolos on who catches fraud and who abets it, why shareholders should hire audit firms, and why the folks doing the audits should have no hair, gray hair, or thinning hair.

| Harry Markopolos