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Business Crimes Bulletin

Features

Theranos Whistleblower Tyler Shultz: A Tale of Courage and Ethical Duty Image

Theranos Whistleblower Tyler Shultz: A Tale of Courage and Ethical Duty

Stuart Teicher, Esq.

In the annals of corporate fraud, few stories resonate as powerfully as that of Theranos, the Silicon Valley biotech startup that promised to revolutionize blood testing but collapsed under the weight of its own deception. At the heart of this saga is Tyler Shultz, a young whistleblower. his article recounts Tyler’s extraordinary journey and invites legal professionals to explore its lessons through our CLE program, which bridges his real-world experience with the ethical obligations enshrined in the Rules of Professional Conduct.

Features

Reading the Tea Leaves: Jury Awards $2+ Million for Bigelow’s “Manufactured in the USA 100%” Label Image

Reading the Tea Leaves: Jury Awards $2+ Million for Bigelow’s “Manufactured in the USA 100%” Label

Bryan Wolin & Chandler Martin

On April 8, 2025, a California jury found that R.C. Bigelow, Inc., the well-known manufacturer of Bigelow teas, intentionally or recklessly misled consumers by claiming that some of its teabags were “Manufactured in the USA.” The price for this mislabeling was steep, with the jury awarding the class action plaintiffs $2.36 million.

Features

Supreme Court: Statements Made to FDIC Need to Be “False,” Not Just “Misleading” Image

Supreme Court: Statements Made to FDIC Need to Be “False,” Not Just “Misleading”

Elkan Abramowitz & Jonathan Sack

This article describes the prosecution in Thompson, then turns to the Supreme Court’s rejection of the government’s contention that 18 U.S.C. §1014 criminalizes misleading as well as false statements.

Features

DOJ Shifts White-Collar Crime Enforcement Strategies Image

DOJ Shifts White-Collar Crime Enforcement Strategies

Sean B. O’Connell & John S. Ghose & Sabrina Marquez

The DOJ announced on May 12, 2025, a strategy shift in its approach to white collar enforcement, identifying specific high-impact areas of focus; an expansion of whistleblower and self-disclosure incentives; and a narrowed use of corporate monitorships. These strategic shifts present significant opportunities for companies and individuals currently facing government investigations, particularly where those investigations no longer align with DOJ priorities.

Features

Is Cryptocurrency Enforcement Dead? SEC Dismisses Another Crypto Action Image

Is Cryptocurrency Enforcement Dead? SEC Dismisses Another Crypto Action

Michael A. Mora

The SEC’s move is the agency’s latest withdrawal from a series of over a dozen investigations and legal actions against other entities in the digital asset space, including exchanges like Coinbase and Kraken.

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