The Security and Exchange Commission announced a whistleblower award of over $3.5 million to a company employee whose tip bolstered an ongoing investigation with additional evidence of wrongdoing that strengthened the SEC’s case.
By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity.
For some background, the SEC’s whistleblower program has now awarded more than $62 million to 28 w...
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Month: May 2016
$13 Million Settlement To Whistleblower In HUGE Logistics Outsourcing Fraud Case
In August 2007, after a year of soliciting bids from companies nationwide like Federal Express and UPS, the Pentagon awarded a $1.635 billion contract to Menlo Worldwide Government Services of San Mateo and related firms to handle all Defense Department shipping in the United States.
At the time, the contract was labeled by the trade newspaper Transport Topics as “the largest logistics outsourcing in history.”
The deal also was the opportunity for a massive fraud, according to a complaint ...
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