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Justice Department Launches Corporate Whistleblower Awards Pilot Program to Combat Corporate Fraud

On August 1, 2024, the U.S. Department of Justice (DOJ) initiated the Corporate Whistleblower Awards Pilot Program, a three-year initiative designed to incentivize individuals to report corporate misconduct. This program aims to bridge gaps in existing federal whistleblower mechanisms by offering financial rewards to those who provide original, non-public information leading to successful enforcement actions. Program Overview The pilot program…

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May 25, 2025
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Yellowstone Capital Settles $1 Billion Lawsuit Over Predatory Lending Practices

In a landmark legal action, Yellowstone Capital and its network of affiliated companies have agreed to a $1.065 billion settlement with the New York Attorney General's Office. This resolution addresses allegations that the firm engaged in predatory lending practices, targeting over 18,000 small businesses nationwide with high-interest loans disguised as merchant cash advances (MCAs). Allegations of Deceptive Lending The lawsuit,…

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May 25, 2025
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Settlement in California whistleblower lawsuit alleging kickbacks in eyecare industry – $23.8 million

Essilor Settles Whistleblower Lawsuit for $23.8 Million - News.law  (source) Essilor Laboratories of America Inc. has agreed to settle a lawsuit alleging the company violated the State of California Insurance Frauds Prevention Act. The $23.8 million settlement follows a lengthy California Department of Insurance investigation after a whistleblower lawsuit was filed in 2016. Essilor allegedly gave eyecare providers kickbacks and other…

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December 12, 2022