Former Brazil surgeon turned SEC whistleblower gets US$4.5m

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[WASHINGTON] A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a US$4.5 million award from US regulators, according to his lawyers. Read more at The Business Times.

[WASHINGTON] A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a US$4.5 million award from US regulators, according to his lawyers.

The surgeon will get the money for playing a crucial role in helping the Securities and Exchange Commission uncover a bribery scandal at Biomet Inc that spanned the globe, his attorneys Christopher Connors and Andy Rickman said in a Friday statement that didn't identify the doctor by name. "Today's award will spur many would-be foreign whistleblowers to come forward now that they know that the SEC is committed to rewarding whistleblowers" for tips tied to violations of the Foreign Corrupt Practices Act anti-bribery law.

Biomet, which has paid tens of millions of dollars to the US government to settle charges of Foreign Corrupt Practices Act violations, is now named Zimmer Biomet.

 

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