September 9, 2018
The IRS made an award in excess of 100 million, however, they never once commented or thought about reducing the reward calculations. Why has the SEC taken a very different path than the IRS Whistleblower Program? And how did the SEC come up with 30,000,000 as the threshold. I am very worried that the SEC did not talk to a single whistleblower and simply guessed when making up these numbers, which is a grave mistake.
Indeed, I am sure the primary reason would-be-whistleblowers do not come forward is that they know it can take years and years (and decades) of waiting before they receive any sort of monetary compensation - and during these years of waiting they risk their jobs, their professional careers, their reputation, and on numerous occasions their own safety or their families financial security.