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Meet the SEC´s 6,500 Whistleblowers
Wall Street Journal, by Maxwell Murphy

Original Article

Posted By:Drive, 7/29/2014 8:24:20 AM

What do four adult entertainers, 138 engineers, a handful of pilots and a pastor have in common? They all think they have hot tips about an alleged financial fraud. They are also among the more than 6,500 people who have offered confidential information under the whistleblower program of the Securities and Exchange Commission. The agency set up the program in mid-2011 with hopes of eliciting dirt on corporate wrongdoers. It offers a bounty of up to 30% of penalties for any monetary sanctions the agency extracts that exceed $1 million. The potential windfall has attracted tips from at least 68 countries. Nearly

      


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Reply 1 - Posted by: nosillod, 7/29/2014 9:07:21 AM     (No. 9944301)

All this will be for Obama and Holder is a prospect list for people they can shake down. The last I heard they have not prosecuted one person. Clinton went after around 1400 crooks and W. around 1200. Obama ZERO. Think about all the fraud in the housing bubble and not one attempt to prosecute.

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Reply 2 - Posted by: The Advocate, 7/29/2014 9:09:57 PM     (No. 9945423)

As long as john CORZINE is not in jail - the SEC is a joke.

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