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White Collar Crime Costs Hundreds of Billions Each Year

White collar crime costs the United States about $300 billion dollars per year—and most Americans don’t even realize it. Because white collar crime is typically nonviolent, it doesn’t get the same kind of attention that others do. Whistleblower suits are often very effective in rooting out this kind of corruption.

What is white collar crime?

White collar crime is typically committed for financial gain. There is usually an element of deception, coupled with fraud, embezzlement, money laundering and other corporate crimes. Ponzi schemes and even Nigerian prince email scams are both types of white collar crimes.

Victims of these crimes may lose their life savings or watch as their company’s finances are destroyed. The public often loses trust in these companies. As a result, victims are left financially harmed, often with a great sense of personal shame.

Whistleblower protection for reporting white collar crimes

Whistleblowers often play a key role in uncovering and prosecuting white collar crime. However, many people are hesitant to report wrongdoing they’ve witnessed. They may fear that law enforcement will implicate them in the crime, or their employer will retaliate against them. Some whistleblowers may worry that their reputation in their respective industries will be harmed as a result.

Fortunately, there are state and federal protections for whistleblowers. The federal False Claims Act (FCA) prohibits employers from retaliating against employees who report unethical or illegal activity. This includes suspension of duties, termination, demotion or any other act which could be considered discriminatory.

To prevail on a FCA claim, the whistleblower must show the employer or supervisor was aware of the whistleblowing activities when they retaliation, and the employer acted as a result of the whistleblowing. Successful claims entitle the whistleblower to full reinstatement at their job and certain financial restitution.

If you’re ready to blow the whistle on white collar crime, the experienced whistleblower attorneys at Kardell Law Group can help. Call today to get started.

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In his new book, "Standing Up to China: How a Whistleblower Risked Everything for His Country," former client & Author, Ashley Yablon, quotes Attorney Steve Kardell about Whistelblower Law.
  • "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.