{"id":1841,"date":"2017-10-13T17:15:28","date_gmt":"2017-10-13T22:15:28","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1841"},"modified":"2022-03-22T15:07:22","modified_gmt":"2022-03-22T20:07:22","slug":"sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/","title":{"rendered":"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex"},"content":{"rendered":"<p>\t\t\t\t<strong>Latest Whistleblower Award Raises Total Granted to $162M<\/strong><br \/>\nThe US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew information and substantial corroborating documentation\u201d that allowed the regulator to bring a successful enforcement action. The securities violation involved a registered entity and had affected retail investors.  <\/p>\n<p>This latest award means that the SEC has now awarded over $162M to 47 whistleblowers since the awards program went into effect in 2013. Whistleblowers who give the Commission unique and \u201ccredible\u201d information resulting in a successful enforcement case are eligible to receive 10-30% of the funds collected when the monetary sanction imposed is over $1M.<\/p>\n<p><strong>Attorneys Accused of Involvement in Microcap Fraud Scam<\/strong><br \/>\nThe SEC is accusing James M. Schneider and Andrew H. Wilson of involvement in a <a href=\"https:\/\/www.securities-fraud-attorneys.com\" rel=\"noopener noreferrer\" target=\"_blank\">microcap fraud <\/a>that involved more than 20 blank check companies that were sold in reverse mergers.  Now, the regulator wants ill-gotten gains, civil penalties from the two lawyers, and other relief. A related criminal fraud case has also been brought against Schneider.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/#more-1841\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew information and substantial corroborating documentation\u201d that allowed the regulator to bring a successful enforcement action. The securities violation involved a registered entity and had affected retail investors. This latest award means that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3795,3761,3938],"tags":[],"class_list":["post-1841","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex &#8212; Investor Lawyers Blog &#8212; October 13, 2017<\/title>\n<meta name=\"description\" content=\"Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew &#8212; October 13, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex &#8212; Investor Lawyers Blog &#8212; October 13, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew &#8212; October 13, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex &#8212; Investor Lawyers Blog &#8212; October 13, 2017","description":"Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew &#8212; October 13, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/","twitter_card":"summary_large_image","twitter_title":"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex &#8212; Investor Lawyers Blog &#8212; October 13, 2017","twitter_description":"Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing \u201cnew &#8212; October 13, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex","datePublished":"2017-10-13T22:15:28+00:00","dateModified":"2022-03-22T20:07:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/"},"wordCount":637,"articleSection":["SEC Enforcement","SEC Settlements","Securities and Exchange Commission","Whistleblowers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-whistleblower-awarded-1m-lawyers-accused-microcap-fraud-former-executives-charged-3-3b-accounting-fraud-involving-homex\/","name":"SEC Cases: Whistleblower Awarded Over $1M, Lawyers Accused in Microcap Fraud, and Former Executives Are Charged in $3.3B Accounting Fraud Involving Homex &#8212; 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