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Dec 5, 2024 | 
natlawreview.com | Whistleblower Law
On November 20, the U.S. Securities and Exchange Commission (“SEC”) and Department of Justice (“DOJ”) announced parallel charges against Indian billionaire Gautam Adani, his nephew Sagar Adani, business associate Cyril Cabanes of Azure Power Global Ltd, and other senior business executives in connection with an alleged $250 million bribery scheme in violation of U.S. securities laws and the Foreign Corrupt Practices Act (“FCPA”).
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Dec 3, 2024 | 
natlawreview.com | Whistleblower Law
The Securities and Exchange Commission (SEC) Whistleblower Program was created to protect investors by incentivizing whistleblowers to provide evidence of violations of the securities laws, and establishing rules and procedures for administering the program. “Whistleblowers play a valuable role in helping to protect the U.S. financial markets by bringing the Commission information about potential securities law violations,” said Creola Kelly, Chief of the Office of the Whistleblower (OWB).
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Nov 20, 2024 | 
natlawreview.com | Whistleblower Law
In September 2024, the U.S. Department of Justice (DOJ) published an updated Evaluation of Corporate Compliance Programs to provide a roadmap for companies on how to run their internal compliance to avoid prosecution, decrease monetary penalties, and streamline the settlement process. The updated document includes a new section focused on whistleblower protocols. The new guidance comes on the heels of the DOJ’s new corporate whistleblower award program unveiled in August.
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Nov 1, 2024 | 
natlawreview.com | Whistleblower Law
Voluntary Carbon Markets (“VCMs”) are touted as a promising solution to rising global carbon emissions. They have the potential to strengthen climate technology and promote projects that reduce carbon dioxide emissions and remove Greenhouse Gases (“GHGs”) from the atmosphere. VCMs are estimated to be worth , and the burgeoning sector is forecasted to grow to $250 billion by 2050.
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Oct 24, 2024 | 
natlawreview.com | Whistleblower Law
On September 30, 2024, the United States District Court for the Middle District of Florida ruled that filing claims on behalf of the government under qui tam provisions of the False Claims Act (FCA) is unconstitutional in United States of America ex rel. Clarissa Zafirov v. Florida Medical Associates, LLC, et al. The ruling, made by Judge Kathryn Mizelle, a 33-year-old Trump-appointee, declares that False Claims Act whistleblowers undermine executive power by filing qui tam lawsuits.
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Jul 26, 2024 | 
natlawreview.com | Whistleblower Law
The end of the Chevron deference is already impacting whistleblower award cases. The Supreme Court of the United States (SCOTUS) recently reversed and remanded an appeals court decision in an IRS whistleblower case where a whistleblower is challenging the denial of their award application. On June 28, SCOTUS overruled a long-standing case requiring the courts to defer to agency interpretation of ambiguous terms in statutes. SCOTUS’s decision in Loper Bright Enterprises v.
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Jul 22, 2024 | 
natlawreview.com | Whistleblower Law
The Commodity Futures Trading Commission (CFTC) Whistleblower Program offers whistleblower awards to individuals who voluntarily provide original information about commodities fraud that leads to a successful enforcement action. Qualified whistleblowers can receive between 10 and 30 percent of the monetary sanctions collected in the enforcement action connected with their disclosure.
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Jun 21, 2024 | 
natlawreview.com | Whistleblower Law |Alex Polishuk |Sean Griffin |Gregory Bennici
It is being reported that Black Basta (aptly named) exploited a Microsoft zero-day prior to Microsoft’s release of a patch for the vulnerability back in March. The vulnerability, CVE-2024-26169, was on Microsoft’s March update’s Patch Tuesday List. Unpatched, it allows the threat actor to escalate privileges. Symantec’s threat hunter team has discovered that Black Basta was able to gather information on the vulnerability prior to the patch and use it recently in attacks against victims.
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Jun 21, 2024 | 
natlawreview.com | Whistleblower Law
The world of finance is built on trust and transparency. But sometimes, that trust is shattered by greed and corruption. In this list, we delve into ten of the biggest financial scandals of all time, uncovering the schemes, the players, and the lasting impact they left behind. These financial scandals are more than just headlines; they can cause immense damage to individuals, companies, and even entire economies. The Bernie Madoff scandal is one of the largest financial frauds in history.
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Jun 18, 2024 | 
natlawreview.com | Whistleblower Law
On June 17, the CFTC announced an $8 million whistleblower award to an individual whose information and assistance contributed to the success of multiple enforcement actions On June 17, the CFTC announced an $8 million whistleblower award The whistleblower “enabled the CFTC and other agencies to more efficiently investigate and prosecute the misconduct.” Since it was established in 2010, the CFTC Whistleblower Program has awarded approximately $380 million to whistleblowers On June 17, the...
