How To Make $279,000,000 By Being A Little Snitch - YouTube

The first 1,000 people to use this link will get a 1 month free trial of Skillshare: https://skl.sh/howmoneyworks05234 ----- Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #wealth #fraud #money ----- The SEC just paid TWO HUNDRED AND SEVENTY-NINE MILLION DOLLARS to ONE person for their role as a whistle-blower on successfully enforced corporate fraud. Here is how you can do the same thing… The two hundred and seventy-nine million dollar award more than doubled the one hundred and fourteen million dollar reward that the SEC issued in October of 2020. In total their whistle blower rewards program has paid out over a billion dollars since it was established in 2010. The best part is because the Dodd-Frank Act protects the confidentiality of whistle-blowers and informants no additional information is known about the people who have received these life changing payouts. The securities and exchange commission actually recognises in their press releases that these payouts have added up to a lot of money that could have been given back to the victims of financial crime. But there is three good reasons that [despite the spiralling costs] the SEC has kept the program and actually doubled down on promoting it with payout leader boards and flashy announcements every time a big payout is made. You get the feeling that if it wasn’t for the informant privacy laws they would present a novelty size check in front of the press like the whistle-blowers just won the Powerball. But they can’t… so if you decide that you like the idea of a completely anonymous multi-million-dollar payday I will also tell you the steps that you need to take to become a successful snitch. The first reason that the SEC has set up this program is that it’s very hard to collect evidence on the white-collar crime they go after. Insider trading hurts regular investors but if the insiders are careful about their communications channels, they can make it almost impossible to collect evidence even with full time surveillance. The SEC admits that a significant amount of clearly illegal activity goes undetected or unpunished. Independent investigations have estimated that only about 15% of financial crimes are ever detected and even fewer are enforced. Nobody knows exactly what this two hundred and seventy-nine million dollar payout was made for because the SEC keeps that information private as well, but with such a big payment it’s not hard to work backwards and figure it out for ourselves. The SEC awards between ten to thirty percent of the money collected from financial sanctions that exceed one million dollars to whistle-blowers that provided material contributions that made the conviction possible. Thirty percent would be awarded to an informant if they presented the case to the SEC on a silver platter with filed and dated irrefutable evidence and closing arguments for good measure. Ten percent would be awarded to an informant if they just reported a tip and helped with an ongoing investigation. Most payouts would be somewhere between these two possible payouts. For a two hundred and seventy-nine million dollar reward the money collected by the SEC would need to be between nine hundred and thirty million dollars, and two BILLION seven hundred and ninety million dollars. Fines that big make headlines, and the only fine that falls into that range recently was the two-billion-dollar settlement that wall street firms paid to the SEC as punishment for letting employees use WhatsApp to share messages between themselves. All communications between employees at financial institutions conducting potentially market moving operations must be maintained for a minimum of three years in case the authorities need to review it. When the banking staff were sending encrypted WhatsApp messaged between each other the SEC had no way of knowing if they were planning a Friday afternoon dinner or conducting insider trading. The SEC would have had no way of uncovering this problem or forcing a settlement so quickly if it wasn’t for one now very wealthy informant that proved definitively that people were using the program for business communications. And that’s just reason one why multi-million-dollar payouts are worth making. So it’s time to learn How Money Works to find out how billions of dollars’ worth of government funded prize money has actually paid for itself many times over, and how it could be surprisingly easy for you to get one of these payouts for yourself.