$2 Million SEC Whistleblower Award To Be Split Among Three Whistleblowers — But The First To The Commission Gets The Most
The SEC has announced
that its most recent whistleblower award, of almost $2 million, will be split among three whistleblowers — but not evenly. The first whistleblower, identified only as “Claimant 1,” will receive about $1.8 million
. The other two whistleblowers will share about $130,000.
The SEC whistleblower program was inspired by, and roughly based on, The False Claims Act (FCA), oft-described...