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Join the Securities Litigation and Enforcement Group on LinkedInSEC Makes Second-Ever Dodd-Frank Whistleblower Award – WSJ Risk & Compliance
The Securities and Exchange Commission gave out its second-ever award under the whistleblower program established under the Dodd-Frank financial-overhaul law. The agency Wednesday issued an order awarding three unnamed whistleblowers 5% each of the funds that it ultimately collects from its enforcement action against what it called “sham hedge fund” Locust Offshore Management LLC and Andrey C. […]
Madoff Victim’s Estate Not Entitled To Tax Refund on Worthless Asset — New Jersey Law Journal
An estate that paid taxes based on a Bernard Madoff investment account later found to be worthless is not eligible for a refund, a state appeals court held on Monday. Post-death circumstances bear on fair market value of an estate only when reasonably foreseeable at the time of death, and in 2006, no one suspected […]
The Internal Audit Function and Anti-Corruption Compliance – Compliance Week
Yesterday, I moderated a very interesting webcast that examined the internal audit function in the context of anti-corruption compliance. A panel consisting of leading FCPA and SEC enforcement attorneys from law firm Gibson Dunn & Crutcher (F. Joseph Warin, John Sturc and John Chesley) and an expert in internal audit from KPMG (Peter Bradford) analyzed internal […]