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Saturday, April 18, 2026

Madoff-Inspired Whistleblower Program Stiffs Big-Money Tipsters - Bloomberg Law

Nine years have passed since David Danon began helping SEC investigators build a case against Vanguard, uncovering information about a scheme that led the company to return to its investment funds more than $2 billion that had been hidden in a bid to avoid taxes.

The Texas comptroller’s office rewarded Danon for his work, and the Securities and Exchange Commission twice filed legal briefs on his behalf, arguing that whistleblowers must be protected.

But when it came time to get paid, the SEC Office of the Whistleblower stopped returning his calls, according to a July federal court filing.

Danon’s allegations ...



Read Full Story: https://news.bloomberglaw.com/daily-labor-report/madoff-inspired-whistleblowe...