2022 was a big year for whistleblowers, who once again recouped billions of government dollars and in turn received hundreds of millions in whistleblower rewards. This year’s top rewards came from various government whistleblower programs, including the qui tam provisions of the federal False Claims Act, various state False Claims Act programs, and the Dodd-Frank SEC Whistleblower Program.
Below is a compilation of the Top Ten publicly-announced whistleblower awards of 2022, which collectively amount to $470 million in payments to whistleblowers. There are a few noteworthy highlights of this year’s top listing.
First, for the second year in a row, this year’s top award is the largest ever paid to an individual whistleblower. The top whistleblower reward of 2021 was a $200 million payout under the CFTC Whistleblower Program. At the time, it was the largest ever to a single whistleblower under any whistleblower reward program, including the False Claims Act. This year’s top award of $266.4 million shatters last year’s record-breaking figure.
Second, financial frauds abound and SEC whistleblowers are netting big awards: 8 of this year’s Top Ten awards were made under the SEC Whistleblower Program. For the third year in a row, the Top Ten whistleblower listing is predominantly SEC awards, and this year’s proportion trended upward from 6 of 10 awards in both 2020 and 2021. The SEC Program is clearly not a passing fad, and we expect to see more massive SEC whistleblower awards...
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