Mary Jo White, chair of the U.S Securities and Exchange Commission, was speaking to an Ontario Securities commission conference when she was asked about the SEC's whistleblower program.
Her answer was unambiguous: the program had been “enormously successful” and “has yielded very significant information on very serious securities fraud.”
“It was never about the money,” said David McIntosh, former M.K. Battery sales representative turned whistleblower, “It was about doing the right thing and protecting the people who protect us.”
Ranbaxy has reserved $40 million to settle a Texas False Claims Act case alleging Medicaid best price violations. A bigger national case may be coming. Ranbaxy was nailed for $500 million under the FCA in 2013, and pled guilty to numerous felony charges.
The SEC's Sean McKessy lays it out in a simple 6-minute video.
Organon to pay $31 million to settle Medicaid fraud, but once again no one goes to jail, and no one is fired. When will the "Big Wink" at pharma fraud end?
The Department of Justice has joining a whistleblower-initiated lawsuit that claims Sikorsky Aircraft Corporation (SAC) and two of its subsidiaries, Sikorsky Support Services, Inc. (SSSI), and Derco Aerospace, Inc. defrauded the government by nearly $50 million by inflating the cost of aircraft parts.
"It doesn't matter how loud someone blows the whistle if the referees are wearing earplugs." - Preet Bharara
"Whistleblowers, who are the silent patriots of our land, have too often historically been devalued, slandered, fired and persecuted by the government agencies or corporate behemoths they accurately exposed." -Ralph Nader
The Boeing Company has agreed to pay $23 million to settle a whistleblower-initiated False Claims Act case alleging the company fraudulently billed labor hours for maintenance contracts for the C-17 “Globemaster” aircraft.
U.S. District Court Judge Paul G. Gardephe gave the green light to a False Claims Act lawsuit alleging the company's cardiovascular division violated Federal and New York stte anti-kickback statutes.