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New wave of whistle-blowers could become millionaires
July 28, 2010 /
"If the law works, whistle-blowers should be rewarded with millions of dollars."
Harry Markopolos, call your office.
Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistle-blowers like Markopolos who alerted the SEC to Bernard Madoff’s Ponzi scheme will for the first time be entitled to collect between 10% and 30% of the money recovered by the government.
And that could turn a new wave of whistle-blowers, those insiders with proof of financial wrongdoing on Wall Street, into millionaires.
By Eamon Javers, CNBC
Full Story: http://www.usatoday.com/money/companies/management/2010-07-27-cnbc-whistle-blowers_N.htm
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