Financial Fraud Whistleblowers
Doyle Dennis Avery LLP represents whistleblowers who report fraud or violations of law to the federal government. Many federal statutes include provisions that provide rewards to whistleblowers who provide important information that leads to successful recover of funds or sanctions. This specifically includes violations of federal securities laws, foreign bribery, tax laws, anti-money laundering, Commodity Futures Trading, contractor fraud, and maritime pollution. Whistleblowers can receive a possible recovery ranging from 10% to 30% of the monetary sanctions collected.
Doyle Dennis Avery LLP represents whistleblowers who report fraud or violations of the federal securities laws. A whistleblower who provides original information may be entitled to an award of between 10% and 30% of amount collected by the SEC. Since 2010 when the program was founded, the SEC has awarded more than $1.1 billion to whistleblower, as a result of tips that helped lead to successful investigations and sanctions.
Some types of violations may include:
- Fraud, including fraudulent solicitation, misappropriation of customer funds, issuing false customer account statements, mishandling customer funds, Ponzi schemes, affinity schemes, false or misleading statements in a company’s offering memoranda or marketing materials; Accounting violations and internal controls violations;
- Foreign Corrupt Practices Act violations, including the payment of bribes to foreign officials to assist in obtaining or retaining business.
FREQUENTLY ASKED QUESTIONS
Can my report be anonymous?
Yes. A SEC whistleblower who hired an attorney may be able to proceed anonymously.
Do I have to be a U.S. citizen to file a claim?
No. Both citizens of the United States and foreign countries may file tips with the SEC.
What if my employer retaliates against me?
Federal law, including the Dodd-Frank Act and Sarbanes Oxley Act, provide important whistleblower protections. Therefore, it is unlawful for an employer to retaliate against a whistleblower for making a protected report.
Should I hire an attorney?
While a whistleblower can file a tip without hiring an attorney, there are some important advantages in hiring counsel. If an attorney submits a claim with the SEC, the whistleblower may be able to stay anonymous. In addition, experienced attorneys will have greater knowledge of the legal requirements for submitting a claim and thus increase the likelihood that the claim is accepted.
What damages are available?
A whistleblower who provides original information may be entitled to an award of between 10% and 30% of amount collected by the SEC.
