Search Site
Menu
Tag Archive
financial fraud
1 - 10 of 11
Page 1 of 2

Former Aerospace Supplier Executive Claims She Was Fired for Reporting Fraud

A former vice president of finance at Transdigm, a Washington aerospace supplier, has accused the company of retaliatory termination after she reported financial fraud. The discrimination suit alleged that Transdigm Group Inc. and AvtechTyee Inc. fired her for being an “emotional” and “aggressive” Latina woman who lacked tact and would not collaborate with others. The Read More

Read More

Top Federal Financial Fraud Whistleblower Actions of 2022

2022 was a big year for federal financial fraud whistleblower actions. Some of the country’s biggest financial institutions were targeted by the Consumer Financial Protection Bureau, the Department of Justice and the Department of Labor. Here is a brief overview of some of 2022’s biggest cases: Wells Fargo: Wells Fargo was ordered to pay over Read More

Read More

Common Strategies Companies Use to Falsify their Financial Statements

One of the most common forms of fraud committed by businesses is “cooking the books,” or falsifying important financial documents and statements to make out that their numbers are actually better than reality would reflect. This is particularly common during periods of economic turmoil, such as what we’ve seen over the last year as a Read More

Read More

Some Whistleblowers Have Concerns About the SEC’s Interpretation of “Independent Analysis”

A new rule interpretation announced by the Securities and Exchange Commission has created concern among whistleblowers, who believe it could weaken incentives for whistleblowers to come forward with information about corporate fraud. The clarification officially went into effect on Monday, December 7. It says any tip from a whistleblower must provide insight “beyond what would Read More

Read More

JPMorgan Forced to Pay Record $920 Million in CFTC Case

The Commodity Futures Trading Commission (CFTC) announced a record judgment against JPMorgan Chase & Company and its subsidiaries. JPMorgan will pay out a record $920.2 million for a CFTC case, which includes the highest amounts of restitution, disgorgement and civil monetary amounts every for a “spoofing” case. Case background JPMorgan was accused of “manipulative and Read More

Read More

Vereit Settles SEC Fraud Case to Tune of $8 Million

The United States Securities and Exchange Commission (SEC) recently charged Vereit, Inc. (previously known as American Realty Capital Properties, Inc.) with intentionally overstating important performance metrics, a form of fraud. As a result, Vereit agreed to settle the charges by paying an $8 million penalty, which will be shared among defrauded investors. Case background According Read More

Read More

Whistleblower Claims Wall Street Has Been Routinely Manipulating Mortgage Funds

A whistleblower claims there is evidence to believe Wall Street is once again engaged in some of the very practices that led to the financial crash of 2008. A whistleblower complaint submitted last year to the Securities and exchange Commission accuses some of the largest banks in the world (including Deutsche Bank and Wells Fargo) Read More

Read More

Latest SEC Whistleblower Award: $3.8 Million

The most recent SEC whistleblower award was a $3.8 million bounty to a whistleblower who offered information to the agency that resulted in a successful enforcement action. As always, the information provided by the SEC about the whistleblower award was vague so as to protect the identity of the whistleblower. The SEC said the whistleblower Read More

Read More

PwC to Pay $625 Million in Damages After Audit

U.S. District Judge Barbara Jacobs Rothstein ordered PricewaterhouseCoopers LLP to pay the Federal Deposit Insurance Corp. more than $625 million for negligence in an audit of Colonial BancGroup, Inc., a bank holding company in Alabama that went under during the most recent economic downturn. The FDIC requested the damages, leading to the case overseen by Read More

Read More

Is it Possible to Receive an SEC Whistleblower Award When Reporting Financial Fraud?

The U.S. Securities & Exchange Commission’s whistleblower program allows eligible whistleblowers to obtain monetary awards when providing the agency with original information about securities violations, which may include financial fraud. If the SEC uses the information you provide to bring a successful enforcement action against the offender, you could receive anywhere from 10 to 30 Read More

Read More
1 - 10 of 11
Page 1 of 2
Awards & Honors
Our Office
  • Dallas Office
    4514 Cole Ave
    #600
    Dallas, Texas 75205
    Phone: 214-306-8045
    Fax: 469-729-9926
As Seen In
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.
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

  • "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.