Mutiny of the bounty-hunted, cont’d: “the whistleblower law, adopted in 1986, [hands] informants as much as a 30% cut of any money recouped by the government. It was pushed by a public-interest lawyer who then launched a practice for whistleblower cases, pocketing millions…. Since then whistleblower cases have boomed, recovering $7.9 billion from offending companies — and paying out $1.3 billion to the insiders who ratted on the wrongdoers.” Unfortunately, the law provides employees with a big financial incentive to step forward with tales of wrongdoing which prove unfounded, or which depend on adverse interpretations of gray areas in law and regulation, or which expose misconduct in which they themselves had been enthusiastic participants. “Most times companies settle, whether they are guilty or not”. (Neil Weinberg, “The Dark Side of Whistleblowing”, Forbes, Mar. 14).
If you want $$$, just whistle
Mutiny of the bounty-hunted, cont’d: “the whistleblower law, adopted in 1986, [hands] informants as much as a 30% cut of any money recouped by the government. It was pushed by a public-interest lawyer who then launched a practice for whistleblower cases, pocketing millions…. Since then whistleblower cases have boomed, recovering $7.9 billion from offending companies […]
Comments are closed.