
The U.S. Securities and Exchange Commission (SEC) has announced a $37 million award to a whistleblower who reported misconduct and faced retaliation. This significant payout, announced last week, underscores the SEC's commitment to encouraging whistleblowers to come forward with information on corporate wrongdoing. In a related development, the U.S. Department of Justice (DOJ) on Thursday launched its first-ever whistleblower program aimed at corporate crime. The program offers monetary awards to tipsters who report corporate misconduct, including financial fraud, bribery, and healthcare schemes. Tipsters can receive up to 30% of the first $100 million in assets forfeited. This initiative is designed to increase pressure on companies facing allegations of wrongdoing and could result in billions of dollars in forfeitures each year.
The DOJ debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct. Tipsters can receive up to 30% of the first $100 million in assets forfeited https://t.co/4cq9mbiYs5 https://t.co/0MrF5b0tpd
The Justice Department on Thursday unveiled a new corporate whistleblower program targeting foreign corruption and financial fraud, which authorities said could help result in billions of dollars in forfeitures each year. https://t.co/SmshIv3gsK
Justice Department launches corporate whistleblower awards program @TheJusticeDept https://t.co/GbilHuumlq




