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SEC Whistleblower Program Provides Awards for Information About EB-5 Investment Fraud

Under the SEC Whistleblower Program, whistleblowers are eligible to receive a reward for providing the SEC with original information about violations of the federal securities laws, including EB-5 fraud. If the SEC uses a whistleblower’s information to bring a successful enforcement action with monetary sanctions in excess of $1 million, the whistleblower is eligible to receive 10% to 30% of the monetary sanctions collected as an award. The program permits whistleblowers to submit tips anonymously if represented by an attorney.

Since 2011, whistleblower tips have led to enforcement actions resulting in more than $1 billion in financial remedies from wrongdoers and the SEC has awarded more than $175 million to whistleblowers. One of these whistleblower tips, which led to a successful SEC enforcement action, underscores how the SEC Whistleblower Program is a critical tool to combat EB-5 investment fraud.

© 2020 Zuckerman LawNational Law Review, Volume VIII, Number 36

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About this Author

Jason Zuckerman, Whistleblower Litigation Attorney, Washington DC  Law Firm
Principal

Described by the National Law Journal as a “leading whistleblower attorney,” Jason Zuckerman litigates whistleblowe r retaliation, whistleblower rewards, wrongful discharge, and other employment-related claims. His practice focuses on representing senior executives and senior professionals in high-...

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

Matthew Stock is the Director of the Whistleblower Rewards Practice at Zuckerman Law. He is an attorney, Certified Public Accountant, Certified Fraud Examiner and former KPMG external auditor. Mr. Stock has audited a broad range of industries, both domestically and internationally, including large public companies and financial institutions. As an auditor, Mr. Stock developed an expertise in financial statement analysis and fraud recognition.

At Zuckerman Law, Mr. Stock leverages his experience as an attorney, CPA, CFE and external auditor to assist whistleblowers investigate and disclose complex financial frauds to the government. His practice focuses on representing whistleblowers in rewards cases at the SECCFTCDOJ and IRS. In addition, Mr. Stock assists whistleblowers in Sarbanes-Oxley whistleblower retaliation cases, analyzing a wide range of accounting issues, including financial statement fraudinadequate internal controls, and issuer disclosure violations.

202-930-5901