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morleytoday at 2:34 PM2 repliesview on HN

I didn't realize whistleblowers could recover part of fraud settlements:

> The civil settlement includes the resolution of claims brought under the qui tam or whistleblower provisions of the False Claims Act by Sholto David. Under those provisions, a private party can file an action on behalf of the United States and receive a portion of any recovery. David will receive $2,625,000 under today’s settlement.

https://www.justice.gov/opa/pr/dana-farber-cancer-institute-...


Replies

stevehawktoday at 2:41 PM

https://www.nbcnews.com/news/investigations/marine-sarah-fei...

$40m for this person in the US

show 1 reply
helsinkiandrewtoday at 3:27 PM

Short sellers have become the biggest SEC whistleblowers if they discover suspected fraud - it’s a more lucrative and less risky than shorting:

https://www.institutionalinvestor.com/article/2d7d14lmtfwc1e...