The Securities and Exchange Commission has denied another whistleblower’s claim for a cash reward under a bounty program established by the Dodd-Frank Act. This time, the tip came from a CEO who offered up allegations of accounting fraud at their own company.
In April 2006, the claimant submitted information to the SEC about the suspected fraud (the name of the whistleblower and firm were both redacted). Subsequent to that initial information, the executive did not provide any additional information.
