SEC whistleblower lawyers Archives

Anonymous Whistleblowing: Does the SEC Whistleblower Program Protect a Whistleblower’s Identity?

Anonymous Whistleblowing to the SEC Under the SEC Whistleblower Program, the SEC will issue awards to whistleblowers who provide original information that leads to enforcement actions with total monetary sanctions in excess of $1 million. Unlike other whistleblower-reward programs, the SEC’s program allows whistleblowers to submit tips anonymously (if represented by an attorney). While this … Continued

Can Whistleblowers Disclose Secret Recordings to the SEC?

Many companies ban employees from making audio or video recordings in the workplace. Companies argue that these policies promote employee communication without the fear of being recorded. However, are these policies lawful? Can corporate whistleblowers provide recordings evidencing fraud to the SEC notwithstanding these policies? Taping and Disclosing Information to the SEC Can be Protected … Continued

Leading SEC Whistleblower Law Firm Featured in Article About Growing Wave of Whistleblower Lawsuits

An article in the National Law Journal titled Law Firms React to Growing Wave of Whistleblower Lawsuits discusses the substantial growth in whistleblower rewards and whistleblower retaliation claims and mentions Zuckerman Law’s leading whistleblower practice. The article reports that several firms have expanded their whistleblower practices and that there has been an uptick in whistleblower … Continued

SEC Whistleblower Attorney: Benefits of Experienced Representation

SEC Whistleblower Program In its short history, the SEC Whistleblower Program has already awarded more than $154 million to whistleblowers. Under the program, the SEC will issue awards to whistleblowers if they provide original information that leads to successful enforcement actions with total penalties in excess of $1 million. A whistleblower is eligible to receive … Continued

How to Report EB-5 Visa Fraud and Earn an SEC Whistleblower Award

The EB-5 investment program, also affectionately known as the EB-5 visa-for-investment program, has experienced a dramatic increase in fraud and misrepresentation in EB-5 advertisements, EB-5 regional centers, and EB-5 projects. In 2016 alone, the SEC brought enforcement actions against nearly $1 billion worth of fraudulent EB-5 projects. The most common violations were misuse of investor … Continued

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SEC Whistleblower Attorneys Release eBook SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award

Zuckerman Law, one of the nation’s leading law firms representing whistleblowers in whistleblower rewards and whistleblower retaliation claims, has released a free eBook about the SEC’s Whistleblower Program. The SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award, which is available for download here, offers practical tips for whistleblowers and … Continued

Whistleblower Attorney Dallas Hammer Interviewed by Bloomberg About Dodd-Frank Protected Whistleblowing

Bloomberg Law Securities Law Daily interviewed whistleblower attorney Dallas Hammer about the scope of protected whistleblower under the Dodd-Frank Act for an article titled High Court Petitioned on Whistle-Blower Retaliation Issue. The article reports that Digital Realty Trust is requesting Supreme Court review of a Ninth Circuit decision holding that the Dodd-Frank Act protects internal whistleblowing. The Ninth Circuit’s decision is … Continued

Ponzi Scheme SEC Whistleblower Attorneys

SEC Cracking Down on Ponzi Schemes On April 14, 2017, a federal judge granted a bid by the SEC to force former head fund manager Francisco Illarramendi to pay nearly $27 million for his role in a Ponzi scheme. According to the court’s order, Illarramendi was the mastermind behind an elaborate five-year scheme to … Continued

EB-5 Visa Scandal Underscores the Critical Role Whistleblowers Play in Exposing EB-5 Fraud

$50M EB-5 Visa Scandal On April 5, 2017, federal authorities raided a business run by a California attorney and her father that is suspected of orchestrating a $50 million EB-5 visa scheme. According to the court filings, the father-daughter company, California Investment Immigration Fund, LLC (CIIF), raised money from more than 100 Chinese investors for … Continued

SEC Scrutinizes “Fake News” Stock Promotion Schemes

SEC Enforcement Action Targeting Stock Promotion Schemes On April 10, 2017, the SEC announced enforcement actions against 27 individuals and entities for improper stock promotion schemes. According to the press release, the SEC uncovered scenarios in which public companies hired communication firms to generate publicity for their stocks, and the firms subsequently hired writers to … Continued

SEC Whistleblower Program: Exposing Insider Trading

SEC’s Increased Focus on Insider Trading On March 23, 2017, a New York federal judge granted a temporary asset freeze against the assets of a Hong Kong private equity investor, Shaohua “Michael” Yin, who the SEC accused of making $29 million by trading on insider information about Comcast’s purchase of DreamWorks Animation. According to the SEC’s … Continued

Securities Fraud Enforcement Action Prompts the Question: What Was the Company Smoking?

On March 9, 2017, the SEC charged a California-based marijuana company, Medbox, with securities fraud for falsely reporting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry while a substantial amount of its earnings came from sham transactions with a secret affiliate. According to the SEC’s complaint, Medbox created … Continued