SEC Pays $22m to Whistleblower in Second-Largest Amount Ever Awarded

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SEC Pays $22m to Whistleblower in Second-Largest Amount Ever Awarded

Postby kreslik.news » Tue Aug 30, 2016 7:52 am


The Securities and Exchange Commission (SEC) has awarded over $22 million to a whistleblower whose detailed tip and extensive assistance helped the agency put a stop to a well-hidden fraud at the company where he worked.

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Second-Largest Award Ever

The award is the second-largest amount that the SEC has awarded a whistleblower. The largest, $30 million, was awarded in 2014.

Jane Norberg, Acting Chief of the SEC’s Office of the Whistleblower, commented: “Company employees are in unique positions behind-the-scenes to unravel complex or deeply buried wrongdoing. Without ... (read more)

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