Compliance Officer Receives $450K SEC Whistleblower Award

Second Biggest Whistleblower Payout in History Reaches $22 Million

As reported by Law.com (subscription), the U.S. Securities and Exchange Commission has given a $450,000 whistleblower award to a worker who had compliance-related job functions at an undisclosed company. This is the third time in eight years that an award has gone to an individual with compliance or internal audit duties at a company found to be engaged in fraud. [Read more…]

Second Biggest Whistleblower Payout in History Reaches $22 Million

Second Biggest Whistleblower Payout in History Reaches $22 Million

In the second largest whistleblower payout ever, the U.S. Securities and Exchange Commission (SEC) is paying $22 million to a former Monsanto Co. executive, a corporate insider who provided a “detailed tip and extensive assistance” in stopping illicit, fraudulent activity relating to the company’s reported sales of Roundup, reported Bloomberg and other journals. [Read more…]