by Joshua A. Naftalis, Anastasia Cembrovska, Brianna Hills Simopoulos, and Jingxi Zhai
Joshua A. Naftalis, Anastasia Cembrovska, Brianna Hills Simopoulos, and Jingxi Zhai (photos courtesy of Pallas Partners LLP)
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.”