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Violation Tracker Individual Record

Company: Fulcrum Capital Partners LLC
Penalty: $2,511,084
Year: 2023
Date: September 29, 2023
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Secondary Offense: fraud
Violation Description: The United States Attorney for the Southern District of New York and the Special Master of the Madoff Victim Fund (MVF), announced that the United States had filed and settled a civil fraud lawsuit against FULCRUM CAPITAL PARTNERS LLC, an investment firm based in Austin, Texas, alleging that FULCRUM fraudulently obtained payments from the MVF, an entity created by the Department of Justice to distribute funds collected by the United States through civil and criminal asset forfeiture to victims of the fraud perpetrated by Bernard L. Madoff. Specifically, the United States alleged that FULCRUM, in violation of the False Claims Act, purchased recovery rights from various Madoff fraud victims who had submitted claims to the MVF and required the Madoff fraud victims to conceal these transactions from the MVF.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.