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Securities Fraud

SEC Settles Fraud Case Regarding Restrictive Language With KBR, Inc.

The SEC recently settled its first whistleblower case involving overly-restrictive language in confidentiality agreements.Image source: Wikimedia Commons Whistleblowers with knowledge of possible securities fraud are able to report this fraud confidentially under the relatively new whistleblower provisions of the 2010 Dodd Frank Act. If an employee opts to [...]

By | 2018-03-26T01:12:52+00:00 April 20th, 2015|SEC Fraud|

SEC Announces Whistleblower Reward for Former Company Officer

The SEC recently awarded approximately $500,000 to a corporate whistleblower.Image source: Wikimedia Commons Implemented by the 2010 Dodd Frank Act, the Securities and Exchange Commission (SEC) maintains a growing whistleblower program. Much like the False Claims Act, the SEC’s program is designed to offer confidential consideration of fraud [...]

By | 2018-03-26T01:15:20+00:00 March 26th, 2015|SEC Fraud|

Know Your Rights as a Whistleblower: Workplace Anti-Retaliation Rules

Making the decision to come forward as a whistleblower often takes both courage and gumption. The negative consequences that have faced whistleblowers range from unkindness to threats of violence – and everything in between. For whistleblowers planning to expose fraud in the workplace, many fear that their decision to expose [...]

By | 2018-03-27T10:25:16+00:00 July 18th, 2014|False Claims Act Information|

SEC Settles Unprecedented Whistleblower Retaliation Lawsuit

The SEC recently settled its first-ever anti-retaliation case involving an employee’s demotion over reporting conflicted trades. Like several other federal agencies, the Securities and Exchange Commission has implemented a whistleblower program allowing those with first-hand knowledge of fraud to come forward, report what they know, and enjoy protection from employer retaliation. As we [...]

By | 2018-03-26T01:11:49+00:00 June 26th, 2014|SEC Fraud|

Commodity Futures Trading Commission and SEC Issue Whistleblower Rewards; Withhold Details

The Commodities Futures Trading Commission announced its first whistleblower reward since the inception of its qui tam program under the 2010 Dodd Frank Act. While healthcare fraud remains a top priority for the Department of Justice and other governmental agencies, several other areas of fraud are also on the rise – including misconduct [...]

By | 2018-03-27T08:44:35+00:00 June 24th, 2014|Commodities Futures Trading Fraud, SEC Fraud|

The Threat of Securities Fraud: A Global Perspective

  Several other countries have attempted to mimic the U.S. laws against securities fraud. Image source: Wikimedia.com In recent years, Congress expressed interest in mimicking the federal False Claims Act in an effort to identify, punish, and deter acts of fraud against taxpayers, investors, and the federal government as a whole in other [...]

By | 2014-01-28T20:14:19+00:00 January 28th, 2014|SEC Fraud|

The Dodd-Frank Act and FCPA Whistleblowers

The federal government uses the Foreign Corrupt Practices Act (FCPA) as a means to prosecute and punish those individuals who violate securities laws or bribe foreign officials. For instance, when someone bribes a foreign government to expand business abroad, falsifies financial records or disregards internal control guidelines under securities laws, they can be prosecuted under [...]

By | 2018-06-14T11:12:42+00:00 July 3rd, 2013|SEC Fraud|

Investment Advisors Charged in Securities Fraud Scheme

Image Source: commerce.gov The Securities and Exchange Commission (SEC) recently announced charges were being filed against one investment adviser and settled with another for both their roles in a scheme to misappropriate funds. Jorge Gomez, who formerly operated in Dallas and Mexico, is now facing charges for allegedly funneling millions of dollars from [...]

By | 2018-03-26T05:08:45+00:00 June 27th, 2013|SEC Fraud|

Mortgage Fraud Scheme Lands Real Estate Developer Behind Bars

Brooklyn U.S. Attorney Loretta Lynch recently announced the arrest of a New York real estate developer for his participation in a long and torrid mortgage fraud scheme. Schelton Assoumou, owner of Brooklyn Renaissance Development Inc., was taken into custody on January 15 and appeared later that same day before United States Magistrate Judge Robert M. [...]

By | 2018-03-26T05:23:28+00:00 June 20th, 2013|Mortgage Fraud|
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