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Sep 18, 2018 by |

California and San Francisco Whistleblower and Consumer Attorneys: Securities Fraud Whistleblowers

ATTORNEY NEWSLETTER

Tesla Whistleblowers File

Embattled Tesla Denies the Claims

Over this past summer, two former Tesla employees filed formal tips with the U.S. Securities and Exchange Commission (SEC) alleging misrepresentations and omissions by the automobile manufacturer in information provided investors.[1]  Both tipsters claim they were fired by Tesla in retaliation for blowing the whistle on the company’s fraudulent practices.  The wrongful practices allegedly include sale of unsafe products, unreported theft, material misstatements and misrepresentations, and failing to disclose that a Mexican drug cartel may be dealing drugs inside a Tesla plant.  Tesla has denied the allegations but reports indicate both whistleblowers met with the SEC this summer concerning their accusations.

Not all securities fraud allegations are as exotic as those against Tesla. But securities fraud is real and employees and former employees may have credible information of frauds perpetrated against investors.  The SEC rewards whistleblowers whose original information leads to recoveries with up to 10-30% of any amounts recovered.  If you have credible, original information of securities fraud, the whistleblower and securities fraud lawyers at Evans Law Firm, Inc. can organize your information into a whistleblower application under the relevant rules and advance your case in the most effective way to secure a reward.  Call us today at (415)441-8669. 

Examples of securities fraud whistleblowers bring to light are:

  • Accounting irregularities overstating profits or understating losses;
  • Failure to disclose material facts;
  • False or misleading statements;
  • Ponzi schemes;
  • Insider trading and manipulation of stock prices;
  • Making false statements or false entries in books and records;
  • False claims for payment from the government;
  • Bribery;
  • Concealment of assets from a government conservator, receiver or liquidator of a bank.

If you have original information of any of these frauds call us today at (415)441-8669 and we can help. Our whistleblower attorneys represent whistleblowers in cases brought under the False Claims Act for false claims for government payments; SEC whistleblower cases for securities fraud related to stocks, bonds, private placements and variable annuities for example; Internal Revenue Service (IRS) whistleblower cases for tax fraud, particularly offshore tax avoidance schemes; and Commodities Future Trading Commission (CFTC) cases involving fraud in the trading of commodities, futures, options, currencies and virtual currencies (like Bitcoin). Your information may lead to more than one kind of whistleblower application and our lawyers will help determine the best way for your case to proceed.  Each of these government programs protects you from employer retaliation for blowing the whistle on fraud and our attorneys can represent you in any case for retaliation or wrongful termination as well.

Contact Us

If you have information regarding a whistleblower/qui tam case in San Francisco or elsewhere in California involving the SEC Whistleblower Program, the Commodities Futures Trading Commission Whistleblower Program, False Claims Act cases, the Internal Revenue Service Whistleblower Office, the FINRA Whistleblower Office or other illegal activity, contact the California whistleblower attorneys at Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex financial contracts and large insurance companies. We can help guide your case through a jury trial or toward an equitable settlement.  We also handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

[1] Evans Law Firm, Inc. is not involved in any whistleblower case concerning Tesla.

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