Speaking of whistleblowers, the Securities and Exchange Commission recently released its Annual Whistleblower Report announcing that it has been pretty successful.
“Since the program’s inception, the SEC has ordered wrongdoers in enforcement matters brought with information from meritorious whistleblowers to pay over $2 billion in total monetary sanctions, including more than $1 billion in disgorgement of ill-gotten gains and interest, of which almost $500 million has been, or is scheduled to be, returned to harmed investors.”
And during that time, “the Commission has awarded approximately $387 million to 67 individuals.”
Just this year, the highest award to one person was $37 million.
So, while crime may pay, turning in the criminal may pay even better.