SEC Awards $12 Million: What One Whistleblower Wants You to Know
"Handling whistleblower cases is very unique," Sallah said. "Filing a whistleblower complaint is not just filing a complaint and forgetting about it."
October 16, 2024 at 10:17 AM
3 minute read
What You Need to Know
- James D. Sallah, along with Joshua A. Katz and Gary Menzer, represented three whistleblowers in a unique case
- Two of them identified themselves and signed affidavits in support of SEC's emergency motion
- This allowed the SEC to halt the fraud and freeze $80 million in assets
Last week, the Securities and Exchange Commission announced a $12 million award to be shared among three whistleblowers who provided critical information in the SEC's enforcement action against a penny stock fraud scheme.
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