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Mortgage Fraud: Beazer Homes Settles False Claims Act Suit

After being charged with fraudulent mortgage origination activities, a Georgia-based home builder and mortgage lender have agreed to settle a False Claims Act lawsuit. Beazer Homes USA Inc. and Beazer Mortgage Corporation have agreed to pay the government $5 million, plus contingent payments of up to $48 million. Headquartered in Atlanta, […]

Second Dodd-Frank Whistleblower Award Announced in Hedge Fund Scheme

After assuring citizens they would soon see additional whistleblower rewards from the Securities and Exchange Commission (SEC), officials were proud to announce the issuance of a substantial Dodd-Frank whistleblower award. This second-ever Dodd-Frank whistleblower award results from a district court ruling that ordered Locust Offshore Management and its CEO, Andrey […]

Bill Introduced to Extend Whistleblower Protections to Offshore Oil and Gas Workers

During the last decade, alarming numbers of offshore oil and gas facilities have been found in violation of industry or federal laws, putting worker safety and the environment at risk. Currently, there are no whistleblower anti-retaliation provisions protecting offshore oil and gas facilities workers. As a result, vast numbers of […]

Court Rules Employee is Entitled to Dodd-Frank Whistleblower Protections

Setting an important precedent for all SEC whistleblowers, a district court recently issued a ruling concerning the anti-retaliation provisions of the Dodd-Frank Wall Street Reform & Consumer Protection Act. Last month, the court ruled that whistleblowers need not report incidents of fraud directly to the United States Securities and Exchange […]

SEC Whistleblower was Key to Enforcement Action Against Institutional Shareholder Services

Once again, the Securities and Exchange Commission (SEC) whistleblower program has proven to be a vital tool in the fight against securities fraud. After receiving a critical whistleblower tip concerning securities fraud within a Maryland-based proxy adviser firm, the SEC was able to quickly move forward with administrative proceedings. A […]