GovernmentAuctions

1995 Rolls Royce Silver Spur IIIEver wanted to own a luxury car that's usually reserved for royalty and foreign dignitaries? Now you can get the chance at GovernmentAuctions.org. a beautiful 1995 Rolls Royce Silver Spur III now currently available for online auction courtesy of the U.S. Marshals. This handcrafted luxury vehicle comes standard with power windows, power windows, power seats, power door locks, power brakes, cruise control, air conditioning, leather seating, hardtop roof, AM/FM radio, CD changer in the trunk, factory brand stereo, alarm system, premium factory wheels, and just over 31k miles. The vehicle itself is in fantastic aesthetic condition both inside and out, but only requires a new battery in order to be up and running again. The current asking price for this Rolls Royce is just $23,500 with no bids as of yet. The car is currently being held in Las Vegas, and the auction will be ending in just a few short weeks so be sure to activate your 3-day free trial account now.

Wednesday, April 22, 2015

Compliance Pays: Employee Awarded ~$1.5M For Helping SEC With Its Case

Today, the Securities and Exchange Commission (SEC) announced that it would award $1.4 million to $1.6 million to a compliance professional that provided information about an open enforcement action for a company they work for.

The compliance officer is said to have had a "reasonable basis" on which to base his/her actions. The identity of the officer was kept confidential. Here's a quote from the release:
When investors or the market could suffer substantial financial harm, our rules permit compliance officers to receive an award for reporting misconduct to the SEC. This compliance officer reported misconduct after responsible management at the entity became aware of potentially impending harm to investors and failed to take steps to prevent it. -Andrew Ceresney, Director of the SEC’s Division of Enforcement. 
The legislation which made these awards possible was included in the Dodd-Frank Act signed in 2008. The money given to whistleblowers is included in the judgement and is not money taken away from the disbursement or fair fund established for harmed investors.

Since 2011, the program has paid over $50 million in reward funds. Just this year, the SEC won its first case against a company for penalizing employees for talking to the SEC -- you can read more about that case here.

To view a list of open enforcement actions visit the "Office of the Whistleblower" website.
GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.