SEC Rewards Three Whistleblowers Who Helped Stop Sham Hedge Fund

The SEC announced that three whistleblowers have been awarded more than $25,000 combined for tips and information which they provided to help the SEC and the Justice Department stop a sham hedge fund. The order states that two of the whistleblowers provided information that prompted the SEC to open an investigation and stop the scheme before more investors were harmed. The third whistleblower identified key witnesses and confirmed information the other two whistleblowers provided.

See: SEC Order; SEC Press Release.