Takeaways:
•The IRS is modernizing its somewhat anemic whistleblower program.
•IRS whistleblower awards are finally rebounding.
•The IRS is aggressively targeting high-net-worth taxpayers and large corporations....more
Key Takeaways-
• Largest year ever for whistleblower awards (nearly $600 million in total)-
• Largest single whistleblower award ever ($279 million to an individual whistleblower) -
• Largest year for whistleblower tip...more
On August 14, 2023, in a rare whistleblower award opinion, the Eleventh Circuit affirmed the Securities and Exchange Commission’s (SEC) denial of a whistleblower award in Granzoti v. Securities and Exchange Commission, 2023...more
On July 12, 2023, the Securities and Exchange Commission (SEC) awarded $9 million to a whistleblower who submitted a tip through the SEC’s Whistleblower Program. Per agency policy, the Award Order is heavily redacted and does...more
On May 5, 2023, the Securities and Exchange Commission (“SEC”) announced that it had awarded a single whistleblower $279 million. This is the largest award made under the SEC’s Whistleblower Program by a long shot – more than...more
Recent enforcement actions show that the federal government is once again clamping down on online boiler rooms. Last year, the Securities and Exchange Commission filed a civil complaint against Steven Gallagher, with the...more
Takeaway: 2021 has been a record year for the SEC’s whistleblower program with awards for fiscal year 2021 topping $500 million and total awards now exceeding $1 billion. This reflects both a pro-whistleblower administration...more