Artificial intelligence (AI) is seemingly everywhere these days. It’s upending industries, driving record stock market returns, and, like all revolutionary technologies, generally disrupting our current world as it pushes us towards something new. Its power is both awesome and ever changing. Can AI one day become a whistleblower? Under the False Claims Act, whistleblowers can […]
The fall of BF Borgers raises an interesting question. Could an accountant—at Borgers or elsewhere—have blown the whistle on the embattled firm? More fundamentally, when accountants see financial fraud or other wrongdoing, can they report it to the government? The answer is surprisingly tricky. Certified Public Accountants are bound by rules of professional ethics and […]
The Paycheck Protection Program (PPP) was a tremendously successful COVID relief program. It distributed nearly a trillion dollars in loans to businesses to keep employees on the payroll and stabilize the U.S. economy during the tumult of early 2020. The PPP helped the U.S. usher in one of the strongest economic recoveries in the world. […]
Audit firms are unique entities—they balance the pursuit of profit like any other business while bearing the immense responsibility of safeguarding the integrity of our capital markets. In a lengthy statement published on May 15, Paul Munter, the Chief Accountant of the SEC, emphasized the critical role that audit firm leaders play in maintaining this […]
Whistleblower Partners is proud to announce that its client has received a $300,000 (CAD) award from the Ontario Securities Commission (“OSC”). As recognized in OSC’s press release, our client, who remains anonymous, provided significant information to the OSC that helped halt complex and difficult-to-detect misconduct. In making the award, the OSC emphasized that our client’s […]
Whistleblower Partners’ attorneys Poppy Alexander, Chris McLamb, and Ari Yampolsky were featured in two recent articles about the growing significance of whistleblowers in corporate enforcement efforts. The articles, published in the Wall Street Journal and Law360, both highlight the increasing recognition that whistleblowers play an invaluable role in uncovering corporate misconduct. Government enforcers in the […]
DOJ’s Antitrust Division announced a new task force yesterday focused on Health Care Monopolies and Collusion (HCMC). According to DOJ Assistant Attorney General Kanter, the purpose of the task force is to implement a “whole of Government approach” to antitrust enforcement in health care, bringing “together civil and criminal prosecutors, economists, health care industry experts, […]
Whistleblower Partners is proud to announced that on April 26, 2024, the United States intervened in a False Claims Act case against Study Across the Pond (“ATP”), an educational recruitment company, which was initiated by our client. For years, ATP placed U.S. college students in universities across the United Kingdom, offering to help them with their […]
The U.S. Securities and Exchange Commission (SEC) on May 3, 2024, imposed a massive penalty on the public accounting firm BF Borgers CPA PC and its owner, Benjamin Borgers, for alleged misconduct in auditing the financial statements of hundreds of clients, which included Trump Media. The firm agreed to pay a $12 million civil penalty, […]
