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.

| David Griscom

State Street Bank and Trust has agreed to pay $530 million to settle charges it cheated several government bodies when pricing foreign exchange transactions.  The case was first brought to the attention of the government by a group headed by Harry Markopolos, who first alerted the SEC about massive financial irregularities associated with Bernie Madoff.

Top Cases | Foreign Exchange, State Street, Fraud, FCA, Whistleblower
| David Griscom

U.S. Tax Court just gave a big win to whistleblowers in an IRS case dealing with “collected proceeds”. The opinion includes broad and sweeping definitions which includes criminal fines

IRS | IRS, Whistleblower, award, criminal, Tax Fraud, IRS Whistleblower
| David Griscom

Clothing manufacturer and importer Motives, which has operations in China and Vietnam, has settled with the US Government for $13.375 million in response to a qui tam lawsuit. 

Top Cases | FCA, Customs, Importer, Clothing, Invoice
| David Griscom

Ray Moss, at Moss & Gilmore wrote a nice opinion editorial in Folha de Sao Paulo, Brazil’s largest newspaper. The topic: How the False Claims Act and the Foreign Corrupt Practices Act can help fight corruption and incentivize integrity in Brazil.

| Brazil, FCA, Corruption
| Patrick Burns

The U.S. Senate has unanimously passed a resolution saluting the contributions of whistleblowers to combating wast, fraud, and abuse.

| Senate Whistleblower Protection Caucus, Grassley, Wyden
| David Griscom

The Calgary Chamber of Commerce in Canada gets it:  the False Claims Act is good for business.

FCA | Canada, Calgary, Chamber of Commerce, false claims act, Incentive Integrity
| Patrick Burns

If you are thinking about filing a False Claims Act case, one of the most important decisions you will make is your choice of attorney. Choose your attorney carefully and consider whether he or she has experience in qui tam lawsuits. 

FCA | video, finding a lawyer
| Patrick Burns

Sean McKessy, Chief of the SEC’s Whistleblower Office, will be leaving the agency later this month.

SEC | Sean Mckessy, IRS Whistleblower Office, Jane Norberg
| David Griscom

The team of fraud-fighters assembled by U.S. Attorney Preet Bharara in the Southern District of New York continues to rack up the victories.

Investigation | SDNY, Preet Bharara, Fraud, US Attorney