Monsanto whistleblower receives $22mn award under US federal govt program
Monsanto whistleblower receives $22mn award under US federal govt program
Published time: 31 Aug, 2016 03:46
An unnamed whistleblower responsible for exposing Monsanto’s shady deals involving Roundup products to the federal government has been awarded over $20 million by the US Securities and Exchange Commission (SEC), in its second biggest payout in history.
The SEC Office of the Whistleblower Program was created by Congress in 2011 to provide monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the SEC. Under the program, whistleblowers are encouraged to report financial mishandlings of over $1 million. For their services, whistleblowers receive an award of up to 30 percent of the monetary sanctions collected by the government.
The award of $22,437,800 given to an unnamed recipient, believed to be a former financial executive with Monsanto, was tied to an $80 million settlement between the SEC and Monsanto in February, lawyer in the case, Stuart Meissner said in a statement.
February’s case settlement centered on Monsanto’s reporting of revenue from its weed-killer Roundup generated through a corporate rebate program designed to boost product sales. Monsanto neither admitted nor denied the fraud charges and went on to settle the issue earlier this year.
“Without this whistleblower’s courage, information, and assistance, it would have been extremely difficult for law enforcement to discover this securities fraud on its own,” said Jane Norberg, acting chief of the SEC’s Office of the Whistleblower.
Replies to This Discussion
-
Permalink Reply by Anti Everything on
-
One interesting thing I notice regarding these types of cases - the 'whistleblower' is ALWAYS someone that participated in the crimes and then comes forward. And, in this case, make a lot of money doing so.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
A Prelude to WW III ? It Seems There We Are Trailblazing Idiocy into More Blood and Destruction!
They're rolling out the 25th Amendment trying to stop Joe Biden from insanely thrusting the US in a…See More
Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]
DW Description: Chris Langan is known to have the highest IQ in the world, somewhere between 195 and 210. To give you an idea of what this means, the average...
RFK Jr. Appoinment Rocks the World of the Federal Health Agncies and The Big Pharma Profits!
The Appointment by Trump as Secretary of HHS has sent shockwaves through the federal government…See More
Somewhere in California.
Tom Waites and Iggy Pop meet in a midnight diner in Jim Jarmusch's 2003 film Coffee and Cigarettes.
Whatever Happened?
Whatever Happened? The unsung heroes will go about their dayRegardless of the welcome they've…See More
"cheeki kea Nice work! Thank you! "
"Chin up folks, once the low hanging fruit gets picked off a clearer view will reveal the higher…"
"Your right LP it's insane for sure and hopefully improbable, keeping an open mind. Checking…"
"The white dude in the center is Bill Gates!!! "
© 2024 Created by truth.
Powered by
