SEC Has Up To $452 Million To Hand Out To Whistleblowers
- July 09, 2012 by Qui Tam
- Federal False Claims Act
According to a recent report, the Securities and Exchange Commission (SEC) has amassed $452 million to be paid out to whistleblowers across the country.
The cash is part of the SEC’s whistleblower program, which celebrated its first anniversary this week. The $452 million represents the whistleblowers’ share, which can range from 10% – 30% of what the government recovers.
Payments to whistleblowers have yet to be made under the SEC Whistleblower Program.
Please see our previous post regarding when the first payments are expected to be made:
https://www.falseclaimsact.com/whistleblowers-to-soon-receive-first-sec-whistleblower-program-payouts/
For more information, please see:
http://www.nypost.com/p/news/business/whistleblower_gold_EgZdzyFPP8vZ8IraUSMvxO#ixzz208aPYAnd