by Joshua A. Naftalis, Anastasia Cembrovska, Brianna Hills Simopoulos, and Jingxi Zhai
The U.S. Attorney’s Office for the Southern District of New York (“SDNY”) has rolled out a first-of-its-kind whistleblower program that offers individuals who self-report financial fraud or public corruption a path to a non-prosecution agreement. U.S. Attorney Damian Williams unveiled the pilot program on January 10, 2024, which provides specific guidance for when the SDNY will enter into a non-prosecution agreement in exchange for an individual’s “early and voluntary self-disclosure of criminal conduct.”