The SEC has recognised the sacrifice’s made by a whistleblower with a significant award of $114Mn USD. $52 million awarded in connection with the

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The SEC has recognised the sacrifice’s made by a whistleblower with a significant award of $114Mn USD. $52 million awarded in connection with the SEC case and approximately $62 million awarded arising out of related actions by another agency.

“The actions of the whistleblower awarded today were extraordinary,” added Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “After repeatedly reporting concerns internally, and despite personal and professional hardships, the whistleblower alerted the SEC and the other agency of the wrongdoing and provided substantial, ongoing assistance that proved critical to the success of the actions.”

One just has to image the size of the overall fine levied on the organisation to which the fines were levied. With awards ranging from 10% to 30% of the money collected.

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