Search Site
Menu
Category Archive
Fraud
1 - 10 of 58
Page 1 of 6

SEC Issues $3.8 Million Whistleblower Award in Fraud Case

In July, the U.S. Securities and Exchange Commission (SEC) issued a $3.8 million award to a whistleblower who assisted the commission by providing crucial information during an ongoing investigation into a fraudulent scheme. According to the press release the SEC put out to announce the award, the whistleblower provided the agency with information that “helped Read More

Read More

Vereit Settles SEC Fraud Case to Tune of $8 Million

The United States Securities and Exchange Commission (SEC) recently charged Vereit, Inc. (previously known as American Realty Capital Properties, Inc.) with intentionally overstating important performance metrics, a form of fraud. As a result, Vereit agreed to settle the charges by paying an $8 million penalty, which will be shared among defrauded investors. Case background According Read More

Read More

SEC Issues $125,000 Award to Whistleblower

The United States Securities and Exchange Commission announced an award of $125,000 in June to a whistleblower who went through the SEC’s whistleblower program to report wrongdoing. According to SEC representatives, the whistleblower’s information and assistance helped the SEC and another agency it was working with on the case bring a successful enforcement action against Read More

Read More

Aveta Settles Suit Alleging it Defrauded Medicare of $1 Billion

Josh Valdez, a former executive for a subsidiary of Aveta Inc., sued the company, claiming it had spent years engaged in a scheme to defraud Medicare of hundreds of millions of dollars. The lawsuit was originally filed in April 2011, but was under court seal until early 2014 and went through an extensive court process Read More

Read More

SEC Sees Significant Increase in COVID-19 Related Tips and Complaints

The U.S. Securities and Exchange Commission (SEC) noted it has seen a “spike” in tips, complaints and referrals related to COVID-19, prompting brand new investigations for the commission. The agency is specifically focused on fraud relating to the pandemic. According to the SEC, it has issued more than 30 trading suspensions since early February based Read More

Read More

Whistleblower Claims Wall Street Has Been Routinely Manipulating Mortgage Funds

A whistleblower claims there is evidence to believe Wall Street is once again engaged in some of the very practices that led to the financial crash of 2008. A whistleblower complaint submitted last year to the Securities and exchange Commission accuses some of the largest banks in the world (including Deutsche Bank and Wells Fargo) Read More

Read More

Latest SEC Whistleblower Award: $3.8 Million

The most recent SEC whistleblower award was a $3.8 million bounty to a whistleblower who offered information to the agency that resulted in a successful enforcement action. As always, the information provided by the SEC about the whistleblower award was vague so as to protect the identity of the whistleblower. The SEC said the whistleblower Read More

Read More

SEC Awards $27 Million to Whistleblower

April 2020 was a busy month for the SEC’s Office of the Whistleblower and its whistleblower award program. The headline award of the month was a $27 million award to a single whistleblower, which ranks among the larger awards given out by the SEC since the inception of its program. The award also helped the Read More

Read More

COVID-19 Fraud Cases are Coming: What To Expect

Healthcare fraud costs American taxpayers billions of dollars every year. With the widespread coronavirus pandemic, it is expected that much of the fraud in 2020 will be related to the COVID-19 crisis. But what will COVID-19 fraud look like? What we’re already seeing This spring, the United States Department of Justice put out a press Read More

Read More

Second Circuit Revives Old False Claims Act Case Involving Federal Reserve

The Second Circuit recently revived a False Claims Act case that arose out of the 2008 financial crisis. The case, United States ex rel. Kraus v. Wells Fargo & Co., two employees of banks that were later acquired by Wells Fargo alleged there was a longstanding and significant pattern of fraud in connection with the Read More

Read More
1 - 10 of 58
Page 1 of 6
Honors
Our Office
  • Dallas Office
    4514 Cole Ave
    #600
    Dallas, Texas 75205
    Phone: 214-306-8045
    Fax: 469-729-9926
Testimonials
  • "Steve Kardell was terrific in representing me in some very adversarial discussions with Citigroup and also later represented me in my testimony before the Financial Crisis Inquiry Commission."  -Richard Bowen, Citigroup Whistleblower

  • "Incredible knowledge of employee related concerns and equally brilliant knowledge of health care regulations, standards of practice. I would recommend this firm to anyone."  -V.B.

  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

  • "Never thought my career would end like it did after 30 years of service. I was part of the first round of the so called reduction of force. I asked myself how can I be part of this with 30 years of seniority. How did they pick these 90 plus employees? Now, the culture of this organization made you question every decision they made. It wasn’t what you knew it’s was a culture of who you know. Nonetheless, I did not accept their severance package. I immediately starting looking for an attorney who would take on my case. After the initial call to Steve I had hope again. He was open and honest about everything and reassured me he would do his best for me, and he did. I had an awesome outcome. Thanks Steve you’re the best."  -S.S.

FOLLOW US
Facebook Twitter Linkedin RSS Feed JD Supra