Just don't dream of whistle blowing against the government itself or a federal contractor. Then you'll be utterly destroyed for such insolence.
SEC Announces Its Largest-Ever Whistleblower Awards
61–70 of 76 posts
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#62While I appreciate a criminal getting caught, these types of systems that incentives private citizens spying and reporting on one another are bothersome on many levels.
[deleted]
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#63Re: SEC Announces Its Largest-Ever Whistleblower Awards
#64Pump-and-dump telegram groups are basically done if their members see a get-rich-quick opportunity from the SEC which surpasses the promised returns of the pump-and-dump scheme.
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#65Does the SEC have a line item in its budget for whistleblower awards? If so what do they do if there are a lot of cases to pay out? Can they run out of money for these things? I'd love to know what that process looks like.
If you would trouble yourself with actually reading the article, you'll find explanation right there in the text.
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#66Earlier quoted context omitted.
Considering many of these people end up blacklisted from their industry, we as a society kind of owe it to them.
you cannot be fired for being a whistleblower, so if you 'all the sudden' had performance problems and got fired shortly after whistleblowing, i imagine courts would side with you.
They fire or sideline you for something else and you never get a job in that industry again.
And if you want to fight it, it's you vs. an army of corporation backed lawyers.
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#67Earlier quoted context omitted.
> the price it was paying for certain drug was very different from what the gov't thought they cost Is this a sign of wrongdoing? I don't know how things are supposed to work.
Drug pricing isn't transparent. The list price is publically available, but many manufacturers offer point of sales discounts or rebates. For some drugs the actual price might only be 10% of the list price. This makes it hard for Medicare and Medicaid to know how much to reimburse. It's in the drug company's and the pharmacy's best interest that what Medicare pays is as high as possible, since the difference between…
If prices aren't agreed upon beforehand, what prevents drugs for being sold at high prices (and truthfully reported)?
Re: SEC Announces Its Largest-Ever Whistleblower Awards
#68Re: SEC Announces Its Largest-Ever Whistleblower Awards
#69Re: SEC Announces Its Largest-Ever Whistleblower Awards
#70Earlier quoted context omitted.
Considering many of these people end up blacklisted from their industry, we as a society kind of owe it to them.
We owe that guy 104 million?
We definitely owe them enough money that they could comfortably fill the payment gap to their next job (which might be never, meaning enough money to pay for inflation-adjusted lost income during the entire remainder of their career).
But in the name of pragmatism, it is unlikely that whistleblowers would blow the whistle on a purely economical basis if the reward wasn't higher than that.