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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2021-07-30T13:00:00
The road to a payout for whistleblowers is long, lonely, and full of obstacles.
The process is naturally isolating—whistleblowers’ identities are protected, but in exchange, they cannot talk about their case with anyone but their lawyer or risk jeopardizing the reward. Further, their employer or industry often shuns them, boxing them into a corner on the suspicion they are telling a truth likely to result in financial pain for whatever entity is accused of fraud or malfeasance.
“This is an extraordinary risk that people are taking—it could be career-altering or career-ending,” said Sean McKessy, who led the Securities and Exchange Commission’s Office of the Whistleblower from 2012-16. “A payout offers the opportunity to be financially rewarded, to compensate you for what you lost, or allow you to never have to work again,” he said. The success of the SEC’s whistleblower program, McKessy said, “underscores that the financial incentive is a very important piece of the puzzle.”
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Annual Membership $499 Value offer
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Membership $599
One-year only, no auto-renewal.
2024-11-21T20:19:00Z By Oscar Gonzalez
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
2024-11-21T16:25:00Z By Neil Hodge
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-08-27T14:09:00Z By Adrianne Appel
Two pairs of claimants will receive whistleblower awards totaling more than $98 million and $24 million, respectively, for information they provided to the Securities and Exchange Commission that led to an enforcement action.
2024-08-23T15:47:00Z By Neil Hodge
Discrimination against whistleblowers in the U.K. has risen to such a level that the government may need to actively pursue plans to afford greater legal protection, as well as introduce financial awards to compensate for their “career suicide.”
2024-08-02T14:12:00Z By Aaron Nicodemus
The Department of Justice released the details of its long-awaited corporate whistleblower awards pilot program that will prioritize reporting in areas of corporate crime not currently covered by existing whistleblower programs.
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