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Started By
Message
SEC announces largest payment to a snitch
Posted on 3/19/18 at 12:37 pm
Posted on 3/19/18 at 12:37 pm
SEC awards a 50MM payment to be split and another 33MM to a third person
I didn't know they paid these people.
Average of about 5MM/per snitch.
If you were the only one who really knew about some indiscretions in your financial sector, could you feign ignorance until it reached a HUGE payout and then call your company out?
quote:
Securities and Exchange Commission today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in 2014.
I didn't know they paid these people.
quote:
The SEC has awarded more than $262 million to 53 whistleblowers since issuing its first award in 2012
Average of about 5MM/per snitch.
quote:
Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million
If you were the only one who really knew about some indiscretions in your financial sector, could you feign ignorance until it reached a HUGE payout and then call your company out?
11
Posted on 3/19/18 at 12:38 pm to ThatMakesSense
I thought somebody ratted on bama. I almost got wood.
Posted on 3/19/18 at 12:39 pm to ThatMakesSense
College football teams cheat all the time.
Make my check out to 'cash' please.
Make my check out to 'cash' please.
Posted on 3/19/18 at 12:39 pm to ThatMakesSense
Why do they call it an award and not a reward?
That bothers me for some reason.
That bothers me for some reason.
Posted on 3/19/18 at 12:41 pm to ThatMakesSense
quote:
Securities and Exchange Commission today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million.
That's a lot of stitches.
Posted on 3/19/18 at 12:41 pm to TheCaterpillar
quote:
Why do they call it an award and not a reward?
That bothers me for some reason.
Very much agree. Am watching Power Lunch and they just spoke about it. I thought it was going to be a nice statue of $$$ or something. Nope just 83 million fricking dollars.
Posted on 3/19/18 at 12:47 pm to ThatMakesSense
Facebook is also down 6+% today.
Zuck on that.
Zuck on that.
Posted on 3/19/18 at 12:49 pm to ThatMakesSense
Is this somehow proportional to what they whistleblew about?
I mean, if my boss steals candy from the vending machine, can I turn him in and collect $20M?
If so, I will.
I mean, if my boss steals candy from the vending machine, can I turn him in and collect $20M?
If so, I will.
Posted on 3/19/18 at 12:54 pm to ThatMakesSense
If I snitch on myself, do I get paid?
Posted on 3/19/18 at 12:56 pm to kywildcatfanone
Gotta be over 1 million. Which seems a low number. Especially when they say you can get 10-30% of the forfeited monies.
Even at 10%, the 50 million pay out would mean, someone did something bad with 500 million dollars. That's a lot.
Even at 10%, the 50 million pay out would mean, someone did something bad with 500 million dollars. That's a lot.
Posted on 3/19/18 at 1:29 pm to ThatMakesSense
I think Joe Moorhead is going to do a better job at MSU than people expect. Dan Mullen did a lot for that program and I think Moorhead will be able to keep it going. MSU will never be a consistent powerhouse, but like what Mullen did, Moorhead will be able to have pretty good teams, with a year better than others every few years.
Chad Morris is going to be a coach to keep an eye on. The West already has Alabama, Auburn, LSU and... A Jimbo Fisher TA&M team so if Arkansas wins even one game they are not supposed to, they can have an impact on how things play out.
But Ole Miss is in the shitter because of a whistleblower at MSU. I wonder if he got paid?
Chad Morris is going to be a coach to keep an eye on. The West already has Alabama, Auburn, LSU and... A Jimbo Fisher TA&M team so if Arkansas wins even one game they are not supposed to, they can have an impact on how things play out.
But Ole Miss is in the shitter because of a whistleblower at MSU. I wonder if he got paid?
Posted on 3/19/18 at 1:31 pm to ThatMakesSense
Posted on 3/19/18 at 2:29 pm to TheCaterpillar
Because the amount is given as compensation for a legal judgement. You are awarded money in legal cases.
Posted on 3/19/18 at 3:34 pm to ThatMakesSense
Contractor I know did some work for a guy that built a 5.5 million dollar home last year. When asked what the guy did for a living my source told me "Nothing anymore, he was a whistleblower on some big case against Pfizer pharmaceuticals."
So I take it the ol' whisteblowing gig pays pretty nicely...
So I take it the ol' whisteblowing gig pays pretty nicely...
This post was edited on 3/19/18 at 3:34 pm
Posted on 3/19/18 at 3:37 pm to ThatMakesSense
quote:
MM
Mega millions ?
Posted on 3/19/18 at 4:07 pm to ThatMakesSense
This guy got way more. Good book on him called The Devil’s Banker which shows you have a world of finance works. LINK
Posted on 3/19/18 at 4:13 pm to Commandeaux
quote:
I thought somebody ratted on bama.
Nah, that reward would be paid out in Dodge Chargers instead of cash.
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