Tag Archives: whistleblower awards
SEC’s Whistleblower Program Is Waiting to Blow a Big Payout
Stephen Cohen, associate director of the U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower, spent the early part of the summer blowing his commission’s whistle and promising big awards on the horizon. However, in its first three years, the SEC has made only two awards. In the first, the whistleblower received $50,000, 30 […]
Whistleblowing to the Tune of $6 Million
In early July 2013, Baxano Surgical Inc., formerly known as TranS1 Inc., agreed to pay $6 million to settle charges that it encouraged doctors to overcharge Medicare and other federal health programs and paid kickbacks to doctors. Baxano did not admit to wrongdoing as part of the settlement. The charges Facing three charges, Baxano agreed […]
Whistleblowing at the Right Time for the SEC
The Securities and Exchange Commission (SEC) Office of the Whistleblower rejected a claim for an award earlier in the summer because it was not “original” under the SEC’s whistleblower law. The claimant originally filed a report of accounting fraud in 2006. The SEC pursued the claim and a consent judgment for penalties, disgorgement and interest […]
Whistleblower from 2005 Wins His Job Back
Scott Teutscher worked for the Riverside County Sheriff’s Association (RSA) from 1999 until he was dismissed in 2005. Beginning in 2002, the Riverside Sheriff’s Association Legal Defense Trust covered the legal costs for Duane Winchell, a deputy sheriff, in a domestic relations proceeding. These legal expenses were outside of the trust document. Teutscher blew the […]
2012: What a Year to Blow Your Whistle
Despite reports of a federal government crackdown on leaks and whistleblowers, a review of the amount of whistleblower settlements in 2012 will blow your mind. Across all business disciplines and governmental agencies, whistleblowing led to major settlements. Whistleblowing settlements across America Spanning the spectrum of American businesses, whistleblowers were awarded significant sums of money in […]
Life After Whistleblowing
When corporate executives, government employees, or simple truck drivers decide to report regulatory violations or illegal activity, they assume serious risks of loss of livelihood, alienation of friends and even physical safety. The significant financial award given to whistleblowers helps to soften the blow of a likely job loss. However, what rewards are there to […]
