During a recent appearance at a health conference, Tyler Shultz, the world famous whistleblower who first brought regulators’ attention to the frauds taking place at…
FEC Considers Charging Trump Campaign with Money Laundering
Federal regulators have deadlocked on a complaint that Donald Trump’s 2020 White House campaign laundered hundreds of millions of dollars in spending through corporate entities…
Why the FDA Ignored Whistleblower Complaints about Abbott Baby Formula
Food and Drug Administration Commissioner Robert Califf said Monday that the agency will investigate why it took so long to dispatch inspectors to the Abbott…
Supreme Court Seeks Guidance on Medicare Whistleblower
The US Supreme Court on Monday invited the US solicitor general to express the government’s views on whether whether a False Claims Act whistleblower adequately…
Whistleblowers Take Tremendous Risks in Coming Forward – Incentives Should Increase
There are hundreds if not thousands of people working on Wall Street who have witness all sorts of fraud and financial crime, and they have…
Wall Street Firms Earned Billions on Fraudulent SPAC Listings
Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of…
Behind the Archegos Fraud Scandal, a Renewed Focus on ‘Total Return Swaps’
The swift downfall of Archegos Capital Management founder Bill Hwang last week by US prosecutors revealed a sprawling scam that was quite a bit more…
SEC is Beefing Up its Crypto Fraud Unit
The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a dozen new employees to combat cybercrime, the…
British Authorities Reveal that KYC Compliance is a Joke
Challenger banks must improve how they assess financial crime risk following a review by the U.K. Financial Conduct Authority (FCA) that found some fail to…
Is Switzerland About to Open Up its Banking Secrecy Laws?
Swiss politicians will debate the future of the country’s controversial banking secrecy law this week, as it faces pressure from UN officials to scrap rules…