Under the SEC Whistleblower Program, eligible whistleblowers may receive an award for providing the SEC with original information about any violation of the federal securities laws, including information about a Ponzi scheme. If the SEC uses a whistleblower’s information to bring a successful enforcement action, the whistleblower is eligible to receive 10% to 30% of the monetary sanctions collected as a whistleblower award.
The SEC whistleblower attorneys at Zuckerman Law, a Washington, D.C.-based law firm, represent SEC whistleblowers both domestically and internationally. The firm has a licensed Certified Public Accountant and Certified Fraud Examiner on staff to enhance its ability to investigate complex financial fraud and report it to the SEC. Contact us today to find out the strategies that we have successfully employed to secure SEC whistleblower awards for our whistleblower clients.
If you have original information that you would like to report to the SEC Office of the Whistleblower, contact the Director of our SEC Whistleblower Practice at mstock@zuckermanlaw.com or call our leading SEC whistleblower lawyers at (202) 930-5901 or (202) 262-8959. All inquiries are confidential.
Our clients’ SEC whistleblower tips have helped the SEC halt more than $1 billion in fraudulent investment schemes.
Experienced and effective SEC whistleblower attorneys can provide critical guidance and effective advocacy to whistleblowers to increase the likelihood that they get the maximum award from the SEC Whistleblower Program.
The SEC defines a Ponzi scheme as “an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors.” Ponzi schemes typically collapse when the fraudsters operating the scheme are unable to recruit new investors and a large number of investors ask to cash out.
For example, Bernie Madoff got away with his $50 billion Ponzi scheme for decades until the financial crisis of 2007-2008 hit. The downturn in the economy caused the current investors to ask for their money back and halted inflows from new investors. In late 2008, the scandal broke and Madoff admitted his investment business was in fact a Ponzi scheme.
The SEC compiled a list of Ponzi scheme red flags, which include:
For more information about Ponzi schemes, see the SEC’s General Resources on Ponzi schemes.
The SEC Whistleblower Program protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity. Moreover, a whistleblower can report a Ponzi scheme anonymously to the SEC if represented by an attorney. In certain circumstances, a whistleblower may remain anonymous, even to the SEC, until an award determination. However, even at the time of an award, a whistleblower’s identity is not made available to the public.
Since the enactment of the SEC Whistleblower Program, the SEC has paid more than $250 million to whistleblowers. Whistleblower tips have lead the SEC to successful enforcements actions resulting in more than $1 billion in financial remedies.
To learn more about the SEC Whistleblower Program, download the eBook SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award.
Click below to hear SEC whistleblower lawyer Matt Stock’s tips for SEC whistleblowers:
If you are seeking representation in a SEC whistleblower bounty case, click here, or call the SEC whistleblower lawyers at 202-262-8959 to schedule a free, confidential consultation. In 2017, Washingtonian magazine named two of our attorneys top whistleblower lawyers, and U.S. News and Best Lawyers® have named Zuckerman Law a Tier 1 law firm in the Washington DC metropolitan area.
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