In yet another tip that yielded a successful investigation, the SEC awarded $500,000 to two whistleblowers who provided cruicial information. In addition to the SEC, other law enforcement agencies were involved in stopping the continuing investor fraud.
The press release indicated that the individuals offered the agencies “substantial, ongoing assistance that focused the investigation.” The information saved the involved agents time and additional resources. There were multiple SEC actions as well as “a related action from another government agency.” Continue reading