Has SEC Tips Program Stopped Next Madoff? No One Knows (Podcast)

In the wake of the Bernie Madoff scandal in the late 2000s, the SEC set up a program to reward whistleblowers who uncover fraud against investors. Since then, the program has paid out more than $1.3 billion.

_{Listen here and subscribe to On The Merits on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Megaphone, or Audible.}

But who’s receiving this money? And what information are they providing to the agency? And why is a huge chunk of the money going to whistleblowers represented by attorneys who used to work at the SEC?

Bloomberg ...