SEC
Whistleblower
Advocates

October 17, 2017

Lime Energy Co., Joaquin Alberto Dos Santos Almeida, Karan Raina, Julianne M. Chandler, James G. Smith

Financial Fraud

SANCTION AMOUNT: $1,125,000

Defendants: Lime Energy Co.
Joaquin Alberto Dos Santos Almeida, Karan Raina, Julianne M. Chandler, James G. Smith

Settlement with energy services provider and four executives for their alleged roles in an accounting fraud in which the company recognized revenue earlier than allowed in order to meet internal targets. $20 million in revenue improperly recognized from at least 2010 to 2012.

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