Nine years after he was fired after he alleged tax fraud at his employer, David Danon seeks to collect a cut of federal proceeds, which Vanguard hasn't confirmed.
Former Vanguard lawyer David Danon has asked a federal court to speed a Securities and Exchange Commission ruling on his nine-year-old request to be named a whistleblower, so he can try to get paid for sharing data he says cost him his job.
Piecing together reports he says suggest the government used his help between 2013 and 2016 to make the Vanguard Group stop hiding billions from tax collectors, Danon says he’s owed an answer as to whether his analysis was used to ensure Vanguard now pays its taxes.
Danon is petitioning the U.S. Appeals Court for the District of Columbia to order the SEC to finally respond to Danon’s request for whistleblower status, within 30 days. Danon has also called on the court to make the SEC provide specific information he’s been seeking to back his claim for a whistleblower’s cut of money Vanguard may have paid the government.
In May 2013, Danon told the IRS and SEC he believed the investment giant was massively underpaying state and federal taxes. At least one state, Texas, later paid Danon for pointing its tax collectors to funds Vanguard owed. Danon’s petition accuses the SEC of showing a lack of “good faith” in taking so long to decide if he has a basis for a federal claim, as well. The SEC declined to comment on the case.
Vanguard, which is not a defendant in Danon’s action, also...
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