SEC Awards $11.5 Million to Two Whistleblowers

SEC

The Securities and Exchange Commission today announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. 

SEC Charges Former Pharmaceutical Global IT Manager in $8 Million Insider Trading Scheme

SEC

The Securities and Exchange Commission today announced insider trading charges against Dayakar R. Mallu, of Orlando, Florida, who generated gains and avoided losses totaling over $8 million by trading in the securities of his former employer, Mylan N.V., ahead of four public announcements between Oct. 3, 2017, and July 29, 2019. read more »

Justice Department Announces Additional Distribution of More than $568 Million to Victims of Madoff Ponzi Scheme

DOJ

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its seventh distribution of approximately $568 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to over $3.7 billion to nearly 40,000 victims worldwide. read more »