The U.S. Securities and Exchange Commission is giving $22 million, its second biggest payout ever, to a corporate insider who helped the regulator uncover a well-hidden fraud. The award was the largest since a $30 million payment announced in 2014.
The whistleblower provided a “detailed tip and extensive assistance” that helped the SEC stop illicit conduct at the individual’s employer, according to a statement released Tuesday. The agency didn’t provide any information on the person’s identity or the company involved, citing federal law and the need to protect confidentiality.
The mortgage segment is the home of 99.5% of the fraud in the industry. Mortgage Order Mill (MOM) staffers can make millions. Lawyers will work for you for FREE. They will get their cut when you are paid by the Government. Check out how to make money with the False Claims Act and purchase your micro flash drive at Amazon.