SEC Pays Financial-Fraud Whistleblowers Better Than FBI
By: Alexander Eichler – Huffington Post
Getting ready to blow the whistle? Be careful who you hand the information to.
Whistleblowers who go to the FBI to tip them off about financial fraud "are probably going to get zero" in the way of monetary rewards, according to David Colapinto, a whistleblower lawyer quoted in The Washington Post earlier this week.
Colapinto goes on to say that whistleblowers who want to get compensated for their tip should probably talk to someone at the Securities and Exchange Commission, where, if their intel leads to a penalty of more than $1 million, tipsters can get between 10 and 30 percent of that cash for their trouble.
This article can be found in its entirety on The Huffington Post's website.