Whistleblower Rewards 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

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

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

CFTC Strengthens Anti-Retaliation Protections for Whistleblowers and Improves CFTC Whistleblower Award Program

On May 22, 2017, the Commodity Futures Trading Commission (CFTC) unanimously approved amendments to its whistleblower rules that strengthen anti-retaliation protections for whistleblowers, prohibit “gag clauses” in employment agreements, and improve the CFTC Whistleblower Award Program. James McDonald, the Director of the CFTC Division of Enforcement, said the CFTC’s “approval of these rules today will … 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 Lawyer Will Speak at PLI Seminar on Corporate Whistleblowing

Whistleblower lawyer Jason Zuckerman will speak at the PLI Institute seminar on Corporate Whistleblowing in 2017 on June 28, 2017 in New York. To register, click here. Zuckerman is privileged to join a panel on legal developments in the Whistleblower Space with Christopher Ehrman, Renee Phillips, and Teri M. Wigger. The panel will address key … Continued

Whistleblower Attorney Chairing CLE on Whistleblower Rights of Private Sector Employees

Washington DC Whistleblower attorney Jason Zuckerman is chairing a DC Bar CLE on the whistleblower rights of private sector employees on May 16, 2017 from 5:30 pm to 8:45 pm. To register, click here. Don’t miss this chance to catch up on recent developments under whistleblower reward and whistleblower protection laws, including developments under the … 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

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

Accounting Fraud SEC Whistleblower Attorneys

Accounting Fraud SEC Enforcement Action On March 3, 2017, the SEC announced that homebuilding company Desarrolladora Homex S.A.B. de C.V. (Homex) has agreed to settle charges that it used accounting fraud to overstate its revenues by approximately $3.3 billion during a three-year period. According to the SEC’s complaint, the company reported fake sales of more … Continued

SEC Awards for Disclosures of Foreign Bribery or FCPA Violations

SEC Awards for Disclosures of Foreign Bribery or FCPA Violations Under the SEC Whistleblower Program, the SEC Whistleblower Office will issue awards to whistleblowers who provide original information that leads to enforcement actions with sanctions in excess of $1 million. A whistleblower is eligible to receive an award of between 10-30 percent of the total sanctions … Continued