The U.S. Securities and Exchange Commission awarded more than $3.5 million to a whistleblower whose tip helped the regulator expand an existing investigation that led to civil bribery charges against networking and cybersecurity solutions company Juniper Networks Inc.
The regulator, which announced the award Tuesday, didn’t name the company and didn’t identify the tipster, in keeping with its policy. But lawyers representing the whistleblower said the award was connected to the 2019 cease-and-desist order involving Sunnyvale, Calif.-based Juniper over allegations that the company violated the Foreign Corrupt Practices Act through its subsidiaries in Russia and China.
The tipster, who isn’t a Juniper employee and is a foreign national, notified the SEC in late 2012 that Juniper was engaged in a large “channel partner discounting” bribery scheme in Russia, according to the whistleblower’s lawyers, Christopher Connors of Connors Law Group LLC and Andy Rickman of Rickman Law Group LLP. The individual also assisted in the company’s internal investigation and was later interviewed by a team from the SEC and the U.S. Justice Department, the lawyers said in a statement.
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