Congress Demands Investigation into SEC Whistleblower Complaint Against Facebook
Washington, D.C. May 18, 2018. This week senior members of the House Committee on Natural Resources issued a strong letter to the SEC demanding an investigation into the illegal wildlife trafficking on Facebook. The Congressional letter based its request for an SEC investigation on allegations that Facebook is being used by traffickers to promote the sale of “illegal products such as elephant ivory, rhino hour, bear claws, tiger skins and reptiles,” facilitating the worldwide extinction crisis.
Stephen M. Kohn, a partner in the whistleblower rights law firm of Kohn, Kohn & Colapinto, told ABC News Facebook investors should be aware the company has failed “to implement internal controls, required by the Securities and Exchange Commission (SEC), to prevent criminal activity” and therefore it is fueling the worldwide extinction crisis. Kohn, the attorney for the whistleblower(s) who filed a SEC whistleblower complaint in August of 2017, explained to ABC investigative reporter Lisa Fletcher how Facebook failed to implement the necessary and required internal controls to curtail wildlife trafficking on its site.
Watch ABC News: Congressmen urge SEC to investigate Facebook for facilitating wildlife trafficking.
Related information:
- Watch the ABC News investigative report: Whistleblower accuses Facebook of connecting wildlife traffickers with buyers and sellers
- Kohn’s previously released statement, about the SEC whistleblower complaint against Facebook
