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Nairaland Forum / Nairaland / General / Politics / Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company (32250 Views)
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Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by alphonsojaybaz: 5:39am On May 03, 2017 |
WHISTLEBLOWER GETS OVER $500,000 FOR EXPOSING MISCONDUCT IN HIS COMPANY source: http://www.eyesoflagos.com/2017/05/whistleblower-gets-over-500000-for.html The United States Securities and Exchange Commission on Tuesday announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted a SEC investigation into well-hidden misconduct that resulted in a SEC enforcement action. “This company employee saw something wrong and did the right thing by reporting what turned out to be hard-to-detect violations of the securities laws,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Company insiders are in a unique position to provide specific information that allows us to better protect investors and the marketplace. We encourage insiders with information to bring it to our attention.” The whistleblower award is the second announced by the SEC in the past week. Approximately $154 million has now been awarded to 44 whistleblowers who voluntarily provided the SEC with original and useful information that led to a successful enforcement action. By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. 11 Likes
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Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Afonjashapmouth: 5:53am On May 03, 2017 |
God don pick him call 37 Likes 1 Share |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Nobody: 5:55am On May 03, 2017 |
Whistle blowers in Nigeria are disgruntled members.. the sharing ratio did not favour them like they wanted.. Genuine ones are scared of whistleblowing to a boss/superior who is a member of the caucus.. Or a police who would turn the case around and you end up being in trouble.. (i am a victim) True story... My friend a banker whistleblew on his boss forex deals. The auditors claimed to find nothing..(boss's paddy) The guy was transferred from head office to Jos.. He was switched to marketing.. He eventually was layed off after constant target drilling He lost everything just for wanting to do the right thing He relocated to the US to start all over again 154 Likes 10 Shares |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Eddygourdo(m): 5:59am On May 03, 2017 |
guess it now pays to be a gossip. companies will start adding non disclosure clauses on employment letters to dissuade future amebos from hammering 3 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by SweetJoystick(m): 6:05am On May 03, 2017 |
See hammering |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by blackpanda: 6:10am On May 03, 2017 |
Wailers will not be happy with this one bit 8 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Vicolan: 6:12am On May 03, 2017 |
The guy above me just said it all 2 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Nobody: 6:24am On May 03, 2017 |
Witness Protection Gabadaya 1 Like |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by inourcare: 6:25am On May 03, 2017 |
Working? |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by hisgrace090: 6:52am On May 03, 2017 |
America don borrow whistle blowing from Nigeria. 3 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by omenkaLives(m): 7:01am On May 03, 2017 |
Bloggers.. Smh. 1 Like |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Joephat(m): 7:09am On May 03, 2017 |
God give me whistle to blow.... 2 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by BrutalJab: 7:36am On May 03, 2017 |
blackpanda:you are just too gullible. smh 30 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Justuceleague2: 8:25am On May 03, 2017 |
See oogun ówo soft 1 Like |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by josephine123: 8:34am On May 03, 2017 |
wow |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by veekid(m): 8:35am On May 03, 2017 |
Can never happen in naija |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by holluwai(m): 8:35am On May 03, 2017 |
Na the way be this now? |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by abbaapple: 8:36am On May 03, 2017 |
Cool business dough! |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Turks: 8:36am On May 03, 2017 |
Mehn. This hustle dey pay pass yahoo o 13 Likes
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Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by obembet(f): 8:36am On May 03, 2017 |
EFCC visited Kanayo O. Kanayo's house and searched everywhere and found only 45k! The EFCC boss then called the whistle blower and said to him that they found nothing and asked the whistle blower if the info about billions in Kanayo's house is real. The whistle blower said Kanayo O. Kanayo has done a lot of blood money rituals in many movies and that there is no way plenty money wont be in his house. 15 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Luvdmx(m): 8:36am On May 03, 2017 |
5 Likes
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Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by KraticKratus: 8:36am On May 03, 2017 |
Afonjashapmouth: He's probably an atheist. |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by holluphemydavid(m): 8:37am On May 03, 2017 |
am looking for whistle to blow mow sef 1 Like |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by SuperSuave(m): 8:37am On May 03, 2017 |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by datola: 8:38am On May 03, 2017 |
Whistle blowing has gone international. |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by rozayx5(m): 8:38am On May 03, 2017 |
hmm the amount is eye popping |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by KanwuliaExtra: 8:38am On May 03, 2017 |
Nigeria! See ya life? 1 Like |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Nobody: 8:38am On May 03, 2017 |
500,000 what? In USA abi? OK naa |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Victornezzar: 8:38am On May 03, 2017 |
lemme blow on top his head 5 Likes
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Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by sarahade(f): 8:38am On May 03, 2017 |
Esseite: What is the point of story now we should not do the right thing. Mtcheeeeew Nonsense story 15 Likes |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Starships4u(m): 8:39am On May 03, 2017 |
where dem d sel whistle?? |
Re: Whistleblower Gets Over $500,000 For Exposing Misconduct In His Company by Goldenheart(m): 8:39am On May 03, 2017 |
5 Likes
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