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…]

Alleged Bank Fraud Leads to Potential $100 Million Whistleblower Payout

Alleged bank fraud leads to potential $100 million whistleblower payout

According to a recent Wall Street Journal analysis, the U.S. government may soon award the largest whistleblower payout in history – up to $100 million total – after three former bank employees alerted authorities to alleged mistreatment of foreign-currency-trading clients by State Street Corp. and the Bank of New York Mellon Corp. [Read more…]