Record $279 Million SEC Whistleblower Award in Ericcson Bribery Case

We need to make uncovering fraud at least as lucrative as committing it.

The award from the SEC’s cash-for-tips program was related to the $1.1 billion settlement the Swedish company reached with U.S. authorities in 2019 over allegations it conspired to make illegal payments to win business in five countries, in violation of U.S. antibribery laws, according to people familiar with the matter.