New Wave of Whistleblowers Could Become Millionaires

Posted by Kendall Harmon

Did you know?

Under an underreported set of new provisions of the new financial reform law, whistleblowers who notify the SEC about alleged fraud will be entitled to collect 10%-30% of money actually recovered by the government.

Read it all.

Filed under: * Culture-WatchLaw & Legal Issues* Economics, PoliticsEconomyCorporations/Corporate LifeCredit MarketsStock MarketThe Banking System/Sector* TheologyEthics / Moral Theology

Posted July 26, 2010 at 6:28 pm [Printer Friendly] [Print w/ comments]

1. robroy wrote:

2300 page finance “reform” bill. 2100 page healthcare “reform” bill. Both are loaded with unintended consequences.

July 26, 11:26 pm | [comment link]
2. John Wilkins wrote:

Using Greed to fight Greed.  I had no idea that greed, rather than producing something of value, was the engine of finance. 

Anyway, I’d rather have this “unintended consequence” than the unintended consequence of financial disaster through years of trusting those motivated by greed.

July 27, 9:30 am | [comment link]
3. Dallasite wrote:

As one generally suspicious of the elevation of whistleblowers to hero status, I think this provision is horrendous.  It is an invitation to fraud and abuse.

July 27, 4:41 pm | [comment link]
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