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3 billion in reward for Ericsson tips

3 billion in reward for Ericsson tips
3 billion in reward for Ericsson tips

A reward of 279 million dollars, equivalent to 3 billion kroner, which was paid out by the US financial inspection agency SEC earlier in May was linked to an investigation of Sweden’s Ericsson.

This is reported by DI, which in turn refers to the Wall Street Journal.

The Wall Street Journal reported in early May that the SEC had awarded a record $279 million to a whistleblower for a tip that resulted in agency action. The previous reward record was $114 million.

According to the Wall Street Journal’s sources, the reward is linked to Ericsson’s settlement with US authorities from December 2019.

In December 2019, Ericsson entered into a so-called “Deferred Prosecution Agreement” with the US Department of Justice DOJ and paid 1.06 billion dollars for the corruption scandal.

The article is in Swedish

Tags: billion reward Ericsson tips


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