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Determining pros and cons of whistleblower status

The decision to become a whistleblower is one not to be taken lightly. Whether it’s under the SEC whistleblower program, the IRS Whistleblower Reward statute or under the qui tam provisions of federal or state false claims act, becoming a whistleblower can be a life-changing experience as well as substantially stressful. Standing up to powerful corporate interests can be very difficult in regard to stress and anxiety and also personally rewarding from an ethical, financial and moral standpoint.

Becoming a whistleblower can be one of the most rewarding aspects watching the government pursue recovery for fraud against taxpayers or investors (with the SEC). A whistleblower is a courageous individual that identifies a wrong and are able to take risks ensuring wrongs are righted.
Also important to know is that once the government completes its investigation, the case will eventually be unsealed and the whistleblower’s identity will become a matter of public record. This revelation could potentially have an adverse effect on various aspects of the whistleblower’s life including employment, social activities, and other aspects of their life.

Personal gratification is only one aspect of becoming a whistleblower. They can be entitled to a share of recoveries resulting from their lawsuits, which is in place to encourage whistleblowers to step forward as they take risks to report fraud. The amount varies a person can receive and is often from 15 to 30 percent. This percentage varies on if the government intervenes in the case and the extent to which the whistleblower substantially contributes to the prosecution.

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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

  • "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.

  • "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

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