In the wake of the Bernie Madoff scandal in the late 2000s, the SEC set up a program to reward whistleblowers who uncover fraud against investors. Since then, the program has paid out more than $1.3 billion.
But who’s receiving this money? And what information are they providing to the agency? And why is a huge chunk of the money going to whistleblowers represented by attorneys who used to work at the SEC?
Read more at https://news.bloomberglaw.com/securities-law/has-sec-tips-program-stopped-next-madoff-no-one-knows-podcast.
