2 ms·
It actually ranges from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million [0]. In the linked case, 2 whistle blower
by mrep 7y ago
It actually ranges from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million [0]. In the linked case, 2 whistle blowers shared a 50 million dollar reward. Now that is an incentive.
[0]: https://www.sec.gov/news/press-release/2018-44 https://www.sec.gov/news/press-release/2018-44
- PaulHoule 7y agoIt's not just an incentive, it's necessary. Being a whistleblower is astonishingly destructive to your career in many ways. Even if there wasn't the issue of getting blackballed, the psychological trauma of it is immense. The only way you can create the psychological safety that makes it possible is to make sure the whistleblower gets paid enough that they aren't going to need to to work again. If they've got that security, they might be able to work again.
- toomuchtodo 7y agoWork in financial services, know people who were whistleblowers (2008 GFC), all entirely accurate. Your career is effectively over after you become a whistleblower, so the reward must be very high.