Whistleblower awarded $14 million for exposing fraud
A whistleblower who exposed an ongoing fraud has been awarded about $14 million, the U.S. Securities and Exchange Commission said on March 11, 2022.
Whistleblowers making a ‘tremendous contribution’ to protecting investors
In Fiscal Year 2021, the Commission awarded approximately $564 million to 108 individuals —both the largest dollar amount and the largest number of individuals awarded in a single fiscal year. “These large awards underscore the Commission’s commitment to rewarding whistleblowers who provide specific and detailed information that plays a significant role in the success of the agency’s enforcement actions,” said Emily Pasquinelli, Acting Chief, Office of the Whistleblower of the Securities and Exchange Commission.
Trucking company employee to get $1.3 million in whistleblower settlement
An employee whistleblower at a big U.S. trucking company will receive $1.3 million, plus interest, as his share of a settlement of false claims allegations against freight carriers.