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FDAzar > whistleblower

WHISTLEBLOWER CASES: EXPOSING FRAUD, RIGHTING WRONGS

Woman blowing whistle and pointing

A few weeks ago the Securities and Exchange Commission (SEC) announced that it was paying substantial awards to two private individuals who had assisted the agency in a major enforcement action. One of the two received payment of $15 million; the other received $39 million. All of the money came from fines paid by a major company that had been caught violating securities laws. The SEC declined to reveal the identities of the two recipients. It didn’t reveal any details of the investigation, either, or the name of the major company that was involved, out of concerns that it would compromise...

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