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Attention Would-Be White Collar Criminals: Engaging In Illegal Activity Costs More When Whistleblowers Are Involved

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When building cases against financial wrongdoers of all shapes and sizes, prosecutors and their junior partners over at the SEC have a couple of options. Find some people willing to spill on other people in exchange for not being put in jail, or pay them. The latter is accomplished via the whistleblower program, which can net you a pretty nice lump sum, indeed. Now, having to share obviously cuts into Mary Jo White and Preet Bharara’s haul, and someone’s going to have to pay for that. Guess who?

A typical company was hit with a penalty that was on average 63% higher when a whistleblower was involved than when there was no whistleblower, the study found.

Firms Hit With Bigger Penalties When Whistleblowers Involved [WSJ Risk & Compliance Journal blog]

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