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Monday, January 30, 2023

Snitches Get Riches

Whistle Blower Tips

From new-to-me newsletter Chartr:
Last week, the SEC announced its biggest whistleblower reward so far this year, compensating four joint informants $28m after they “significantly contributed to the success of the action” against the wrongdoers.

Surprisingly, a multi-million dollar payout isn't uncommon in the world of financial whistleblowing. Just last month, one source was awarded $37m for their efforts in a healthcare bribery case, becoming one of the top ten highest-paid individual informants in the history of the SEC's whistleblowing scheme.

I wonder how long before somebody starts blowing the whistle on those critters sitting in Congress.


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