Whistleblower Award

09/24/2014

Whistleblower Award Nets $30 Million for Informant

Whistleblower Award

Audet & Partners, LLP has learned that the Securities and Exchange Commission is poised to pay out around $30 million to an individual who called ongoing fraud to the government's attention.  The fraud in question apparently involved illegal investment-related activity that defrauded investors of millions of dollars.  In a formal Order, the SEC stated that the whistleblower award would have been  more sizable had the informant reported the illegal activity sooner and that the delay in relating information to the government... Read More