Carson Block Betrayed Partner to Steal SEC Award, Filing Says

The court fight over a $14 million SEC whistleblower award to short seller Carson Block escalated Monday, with his collaborator alleging Block deceived him while also acknowledging that neither man may have deserved the money.

Kevin Barnes argued in a new federal filing that Block worked behind the scenes to convince Securities and Exchange Commission investigators to cut him out of the bounty, which stemmed from a 2011 report the men authored that eventually led to SEC enforcement action against a Chinese company. Barnes made similar arguments in a New York state court filing earlier this year, but the new filing in the Southern District of New York provides greater detail.

Source: Carson Block Betrayed Partner to Steal SEC Award, Filing Says (1)