Someone just scored a $114 million payday -- without playing the lottery or stepping into a casino. Instead, the check was signed by Uncle Sam.
The Securities and Exchange Commission awarded the staggering $114 million to a whistleblower who tipped the government off to misconduct and provided "extraordinary" assistance in an investigation, the agency announced Thursday.
That more than doubles the prior SEC whistleblower record, which was set just four months ago.
"I hope this record-breaking award encourages others with information about possible securities laws violations to step forward," Jane Norberg, head of the SEC's whistleblower office, told CNN Business in an exclusive interview.
Read more ....
WNU Editor: To put it into perspective. The most wanted terrorist in the world (Al Qaeda leader Ayman al-Zawahiri) has a $25 million U.S. bounty on his head.
6 comments:
There is nothing to the story. In 2 more administrations like Obam's admin or what Biden's would be like, documentation could be dummied-up and and checks issued to someone like Hunter.
Who would know?
Once the award is made and the person is free and clear, why hide?
Wow. A bit of oversight here? What justifies such a sum? Was the whistleblower unjustly imprisoned like roger stone?
Anon (11:35)
I'd like to know the details of just what justified this payout. Oversight is clearly needed.
What I found of particular interest is the office is funded by fines instead of taxpayers. Essentially what this means is they get their revenue by shaking people down. This sounds like a lovely bunch. (Sarcasm.)
So we have a government agency that gets it's revenue entirely from shakedown, has no real oversight, and pays out enormous sums to "whistle blowers." What could possibly go right here?
I was doing the glass 1/2 full sort of thing worrying about corruption in the future, if we have 1 or 2 more 4 year periods of Democrat administration.
You piggy backed on it for a minimum effort troll. You went all glass 1/2 empty or less. As they say every good lie has a seed of the the truth.
I don't know, if there is corruption now. I worry about it. There is not enough information to tell. It is almost the proverbial Ilhan Omar "Some people did something.". That is how much information we were given.
While things are being adjudicated I expect the whistle blower's identity to be hidden. After it is adjudicated, why should that be? Are we afraid that the guilty will came after the whistle blower after adjudication? If so we have bigger problems. With $ 174 million, you can move across the country, buy a gun(s), get a security system and take other measures.
Thing is after a few months of investigaioptn by the SEC, the guilty parties have been wondering who is the whistle blower. They probably know is 1/rd to 2/3rd of the cases. So what are we hiding?
Are we hiding form the public at large?
Or wold some people like ANTIFA be happy that the fraudsters got theirs, but still see red that a whistle blower is living the life of the 1% ?
Where I wanted to go in my 1st post, but didn't to keep it short was this.
Maybe the problem isn't whistleblower protection from former employers. Maybe the problem is envy by the population or some segment of it?
And maybe it is that the system is open to corruption.
***It may be possible to go through some industry news letter and find who was fined, why, how it was found out and if it is legit. But maybe a "reporter" should have done that for us.
It is almost this bad. Instead of local news casts, will get national news casts. They will report there was another 10 car pile up somewhere at sometime in the recent past. You will not know, if it happened in the same place as the last 10 car pile up, at the same time of day, or the same circumstance. So you do not know which roads to avoid when or what you can do to protect yourself.
That is abut how bad the reporting is.
I would like to know who were the perps. They paid the whistleblower's reward. What sort of deterrence is there when the episode is kept under wraps?
Let the market and the citizenry have a vote.
:you piggy backed on it for a minimum effort troll." I thought this was a constructive thread until I saw this.
Have you ever been a victim of a government shakedown? Have you had a friend suffer this abuse? Have you represented a client whose suffering this abuse? If you had, you would know NEVER EVER take a glass half full approach with this sort of thing.
Have you been an employer? If you have dir any length of time, you will have experienced the TEAM NEMBER FROM HADES. Disgruntled team members or former team members are EXTRAORDINARILY BAD SOURCES.
For what it's worth, I agree with you regarding the Roger Stone imprisonment and the primary problem being envy as opposed to whistle blower protection. This is a society that largely worships whistle-blowers
You mention is there corruption now? This organization has been around since at least 2012, its funded by fines/shakedowns as opposed to taxes, its paying out large sums of money, and it's operating with no supervision. The chances of there not being corruption on a massive scale is statistically zero.
I primarily deal with the IRS and various TX state and local agencies. These actually have some oversight and you do not want to be a victim of a shakedown from them. The best way to defeat a government shakedown is don't get in one!! I can offer advice on how to avoid one.
Who are the perps? What did they do? Who is the whistle-blower and what is his/her background and relation to the person? Who are the investigators and how did they investigate the crimes? Oversight is good and needed.
Post a Comment