The Securities and Exchange Commission has just announced three record-setting rewards for whistleblowers under the Dodd-Frank Act. Two of the whistleblowers will share an award of nearly $50 million, while a third will receive over $33 million. The SEC says that the previous record was a 2014 award of $30 million.
"It is troubling when financial institutions, who have fiduciary responsibilities and are expected to conduct themselves as honest brokers, wrongfully exploit federally funded programs," said HUD's acting deputy inspector general as a major settlement was announced.
A new study published in the journal Organization Science, says that high-pressure production goals within companies often set the stage for ethics violations and misconduct.
Perhaps the most important element in a successful qui tam case, after the strength of your case, is your choice of attorney.