An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing.
A former UBS employee must arbitrate a claim that he was terminated for disclosing to superiors that he was pressured to publish misleading research reports.
Herve Falciani has been accused of data theft, but he has also being praised for being a whistleblower.
The whistle-blower helping the U.S. government mount a $1bn fraud lawsuit against Bank of America was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims the bank defrauded.
A whistleblower who helped the Securities and Exchange Commission stop a multi-million dollar fraud will receive nearly $50,000 — the first payout from a new SEC program to reward people who provide evidence of securities fraud.