Press Room

Harry Markopolos, call your office. Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers like Markopolos who alerted the SEC to Bernard Madoff’s Ponzi scheme will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government. And that could turn a new wave […]

Washington, D.C. July 26, 2010.  Assistant Attorney General Tony West confirmed that the U.S. Department of Justice was “considering all avenues of redress against the potentially responsible parties,” according to a letter released today by the National Whistleblower Center. The letter specifically mentions the False Claims Act (“FCA”).  The letter is in response to a letter from NWC urging […]

Washington D.C. July 21, 2010. Significant whistleblower reforms included in the Dodd-Frank Wall Street Reform and Consumer Protection Act were signed into law by the President this morning. The law contains a number of provisions designed to protect those who come forward to report securities and commodities fraud. The National Whistleblower Center has compiled the sections of […]

The Swiss media have described parliament’s acceptance of the UBS-IRS agreement as an important step in ending the sanctity of banking secrecy. On Thursday, parliament sealed the deal allowing the United States access to confidential UBS data on bank clients suspected of tax evasion.   “Reason has prevailed after all,” is how the Neue Zürcher […]

ZURICH-Swiss legislators approved a law that clears the way for the government to hand over the names of thousands of alleged U.S. tax evaders to the Internal Revenue Service, dodging the risk that the U.S. would reopen a bruising tax case against Swiss bank UBS AG. Final passage of the law had been hung earlier […]