The lure of substantial rewards has prompted an increasing number of people to make whistleblower tips under the Dodd Frank Act (2010), a U.S. lawyer said. For example, on October 1, 2013, the U.S. Securities and Exchange Commission (SEC) paid a $14 million reward to a single unidentified, anonymous whistleblower, who came forward in an investigation which recovered investment funds that were recovered while probing fraudulent investment activity. "These kinds of large bounties will encourage more employees to report wrongdoing, which [also] needs to be investigated [through] internal investigations," said Michael Delikat, a partner with law firm Orrick, Herrington & Sutcliffe in New York and chair of the firm's whistleblower task force. He added that within the last year, the U.S. Internal Revenue Service (IRS) paid a $104 million bounty to a former UBS employee. "They had been in their [UBS's] tax shelter programme, but came forward and provided the IRS with substantially more
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