W3Schools

Whistleblower earns $30 million, but does money really make tipsters come forward?

Crime doesn’t pay — unless you’re a whistleblower.

An unidentified person who told regulators about illegal activity at a financial institution will walk away with approximately $30 million, the U.S. Commodity Futures Trading Commission announced Thursday. It’s the biggest award the watchdog agency has handed out since launching its whistleblower program in 2010.

The CFTC did not disclose which company or companies were implicated by the whistleblower’s revelations, but news reports identified the informant as a Florida financial investigator who alerted authorities about a conflict of interest at JPMorgan Chase JPM, +3.97% . Both the CFTC and JPMorgan Chase declined to comment on the whistleblower’s identity.

>>> Original Source <<<

Comentários