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August 6, 2021

The SEC has awarded more than $3.5 million to three whistleblowers whose information and assistance led to two separate enforcement actions.  In the first order, an individual received approximately $2 million for providing information that launched an investigation into an ongoing fraud.  In the second order, one whistleblower received approximately $1 million and a second whistleblower received approximately $500,000 for providing information that assisted the agency in an existing investigation.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

August 2, 2021

The SEC has announced awards totaling more than $4 million to whistleblowers whose contributions resulted in two successful enforcement actions.  In the first order, two whistleblowers were awarded $2 million and $150,000 each, while in the second order, another two whistleblowers were awarded $1.1 million and $500,000 each.  According to the SEC, the whistleblowers’ alerts sparked investigations into previously unknown misconduct.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

June 24, 2021

A whistleblower whose information and ongoing assistance led to multiple SEC enforcement actions has been awarded more than $1 million.  According to the agency, the whistleblower played a critical role in the enforcement actions by prompting the investigation and saving the agency significant time and resources.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

June 21, 2021

The SEC has issued awards totaling nearly $5.3 million to whistleblowers whose information caused the SEC to launch investigations that ultimately resulted in successful enforcement actions.  In the first award, a whistleblower received nearly $4 million for extraordinary assistance, including providing documents, identifying witnesses, and participating in hours of interviews.  In the second award, three whistleblowers received about $1.3 million for providing ongoing assistance that conserved agency time and resources.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

June 14, 2021

The SEC has awarded approximately $3 million to two whistleblowers whose separate tips led to a successful enforcement action.  According to the press release, the first whistleblower’s early tip helped agency staff develop its case and focus its resources, while the second whistleblower helped uncover misappropriated funds and fraudulent transfers.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

June 2, 2021

The SEC awarded $23 million to two individuals who voluntarily provided information as whistleblowers that led to recoveries by the SEC and another federal agency in related enforcement actions. Information provided by the first whistleblower, who received approximately $13 million, initiated the investigations.  The second whistleblower, who waited several years before coming forward, provided additional information that substantially contributed, and was awarded approximately $10 million.  Both provided ongoing assistance to the Commission and the other agency, providing documents, participating in interviews, and identifying key individuals and systems involved in the investigations.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

May 27, 2021

An anonymous individual received and SEC whistleblower award of $4.2 million.  According to the SEC, the individual voluntarily provided detailed, original information that caused the Commission to open an investigation that led to a successful enforcement action.  During the investigation, the individual met with investigative staff on multiple occasions, identified key players, and provided additional helpful information and documents.  A second claimant was denied an award; Commission staff stated that they had not communicated with or used any information provided by that claimant.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

May 19, 2021

An anonymous whistleblower has received an award of $28 million, representing a share of recoveries by the SEC and by another federal government agency in a related action.  The Commission's order states that the involved company reported wrongful conduct in one geographic region, and the whistleblower voluntary submitted information to the SEC regarding similar improprieties by the company in a different country.  SEC

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

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