Tag: Whistleblower

Whistleblowers Disclosure Led to Recovery of Over $71 Million Washington, D.C. – WEBWIRE – Wednesday, November 29, 2023 Whistleblower attorneys Stephen M. Kohn and Dean Zerbe are pleased to announce today that a joint client who wishes to remain anonymous received an IRS whistleblower award of $15.1 million. The whistleblower provided the IRS with information that led to an enforcement action against 109 high-wealth individuals who had engaged in a sophisticated illegal tax evasion scheme — resulting in over $71 million dollars being returned to the U.S. Treasury. Todays award serves to reinforce that the IRS Whistleblower Program is critical ... Read more

 An internal auditor fired by BofI Federal Bank (now Axos Bank) after his whistleblowing on what he believed were unlawful activities at the Bank has won his federal lawsuit in San Diego, California. Charles Matthew (“Matt”) Erhart filed a complaint in October 2015 in U.S. District Court for the Southern District of California against BofI Federal Bank, alleging that he was retaliated against and terminated after he reported wrongdoing at the bank to management and to federal regulators. He prevailed on his claims for violations of the Sarbanes-Oxley Act of 2002, California Labor Code § 1102.5, wrongful termination in violation ... Read more

Today, the U.S. Securities and Exchange Commission (SEC) issued two whistleblower awards totaling $114 million. With the awards, the agency has now awarded over $1 billion to whistleblowers through its whistleblower program. “Today is a great day for whistleblowers,” said whistleblower attorney Stephen M. Kohn, founding partner of Kohn, Kohn & Colapinto and Chairman of the Board of the National Whistleblower Center. “The Dodd-Frank Act whistleblower law is sending a message to Wall Street crooks: if you commit fraud you will be caught.” ”Today’s announcement underscores the important role that whistleblowers play in helping the SEC detect, investigate, and prosecute ... Read more

Today, Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) introduced the IRS Whistleblower Program Improvement Act. This legislation will strengthen the Internal Revenue Service’s (IRS) successful Whistleblower Awards Program. The IRS Whistleblower Program has enabled the agency to collect over $6 billion from wealthy individuals and businesses caught dodging taxes. “The tax whistleblower law has recovered billions of dollars to the US treasury. Tens of thousands of illegal offshore accounts have been shut down by whistleblower disclosures. It’s time for the Department of Treasury to properly implement the IRS whistleblower law. This bill will achieve that goal,” said whistleblower attorney ... Read more