The Illinois whistleblower lawsuit against multiple Wall Street banks, including JPMorgan Chase, Citibank, and Bank of America, cleared a major hurdle after an Illinois court rejected the defendants’ motion to dismiss the case. The suit was filed by Edelweiss LLC under the Illinois False Claims Act, by Chicago attorney Michael Behn of Behn & Wyetzner, Chartered. (State of Illinois ex rel. Edelweiss LLC (Case No. 2017 L 000289).
Judge Diane Shelley of the Illinois state court in Chicago stated that Edelweiss’ whistleblower “complaint articulates in myriad detail how false claims could have been presented to the State of Illinois.”
On July 27, 2018 the CBS News program 48 Hours featured the gripping story behind the Northrop-Grumman case that lasted more than 16 years and settled for $134 million. The show features Michael Behn, of Behn & Wyetzner, Chtd. and our client Jim Holzrichter.
The program is part of a series on whistleblowers and “documents the long journeys of courageous heroes and corporate victims,” said Behn, a former federal prosecutor who has been representing whistleblowers for decades. “It is hosted by Alex Ferrer, a former judge and police officer, and is produced by Emmy-award winning producer Peter Bull. Alex and Peter understand how to tell a whistleblower’s reporting of a fraud to its true victims, the taxpaying public.”
The 48 Hours show is available on the CBS website, here.
The support of federal agencies is key to the successful prosecution of fraud and False Claims Act cases. Chicago whistleblower attorney, Michael Behn, of Behn & Wyetzner, Chtd. would know. He is a former federal prosecutor and has achieved extensive recoveries under the False Claims Act, on behalf of the government and his whistleblower clients. Behn recently sat down with prominent agency lawyers and investigators to discuss whistleblowers, the False Claims Act, and how best to prosecute fraud against the government. [Read more…]
Behn & Wyetzner attorney Michael Behn teamed with government investigators and whistleblowers at a training session hosted by the Illinois Association of Inspectors General. [Read more…]
For the past 10 years, since the enactment of the IRS Whistleblower Office, the IRS has recovered over $3.4 billion because of information submitted by whistleblowers. Out of that sum, $465 million was awarded to whistleblowers. [Read more…]
The SEC’s whistleblower program paid out a record $57 million to whistleblowers in Fiscal Year 2016. That figure is higher than all previous awards issued through the SEC whistleblower program combined.
According to the agency’s 2016 annual report to Congress, available here, the Office of the Whistleblower received over 4,200 tips and enforcement actions led to $584 million in financial sanctions. The number of tips the office received reflects a 40% increase over FY 2012, the first year the office recorded full-year data. According to the report, the increase in tips is due in large part to the growing awareness of the whistleblower program.
The human population is growing at a rapid pace, and in the U.S., this growing population is also aging. The babies born after the Second World War, often referred to as “Baby Boomers,” are now reaching retirement age and eligible for Medicare. The Kaiser Family Foundation reports that almost 10,000 Baby Boomers turn 65 on a daily basis! That’s almost 90 million Baby Boomer eligible for Medicare by 2050. [Read more…]
In an April 2016 study released by the IRS, the government reported that an average of $406 billion in taxes was not collected each year between 2008 and 2010. The IRS euphemistically calls this the “tax gap,” i.e., the difference between what taxpayers owe and what they actually pay.
What does the tax gap mean to the average taxpayer? [Read more…]
Qui tam whistleblowers who filed cases under the False Claims Act returned nearly $3 billion into the federal treasury in Fiscal Year 2015, according to the U.S. Department of Justice.
False Claims Act cases in the areas of health care, hospital services, mortgage and financial industries, and defense contracting account for the largest part of recoveries. Whistleblower awards during 2015 totaled $597 million.