October 21, 2019

October 21, 2019

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Increase in EB-5 Investments and Fraud Presents Opportunities for SEC Whistleblowers

EB-5 investments have skyrocketed the past few years presenting more opportunities for fraudsters to exploit the program. The SEC warned investors about a rise in EB-5 investment scams in an investor alert in 2013. Since the alert, however, the scams have only increased as detailed in recent testimony on the EB-5 Program. In fact, since 2013, the SEC has brought 15 enforcement actionsagainst EB-5 projects that raised more than $1.2 billion from EB-5 investors and then proceeded to misuse or steal more than $361 million of the investments. Due to the increase in EB-5 investments and fraud, whistleblowers will have many opportunities in the future to report EB-5 fraud, protect investors, and become eligible for an SEC whistleblower award.

© 2019 Zuckerman Law


About this Author

Jason Zuckerman, Whistleblower Litigation Attorney, Washington DC  Law Firm

Described by the National Law Journal as a “leading whistleblower attorney,” Jason Zuckerman litigates whistleblower ...

(202) 262-8959
Matthew Stock, CPA, Auditor, Zuckerman Law Firm
Certified Public Accountant

Matthew Stock is an associate at Zuckerman Law, where his practice focuses on representing whistleblowers in whistleblower rewards and whistleblower retaliation cases. He is also a Certified Public Accountant, Certified Fraud Examiner, and former KPMG external auditor.

As an auditor, Mr. Stock developed an expertise in financial statement analysis, internal controls testing, and fraud recognition. At Zuckerman Law, Mr. Stock uses his auditing experience to help whistleblowers investigate and disclose to the government complex financial frauds. In addition, Mr. Stock routinely assists whistleblowers in Sarbanes-Oxley whistleblower retaliation cases analyze a wide range of accounting issues, including revenue recognition, earnings management, and financial statement fraud.