DC Fraud Lawyer

The Security and Exchange Commission hasn’t done a good job of listening to whistleblowers over the last several years. Numerous whistleblowers have tried to contact the agency over the last decade, only to be ignored, rebuffed, and marginalized. Now that the public has seen the ramifications of the agency’s ignoring of whsitleblowers – most notably the Bernie Madoff scandal – Congress has acted. The recently passed financial reform bill provides the SEC the ability to distribute financial rewards for whistleblowers whose original disclosures of fraud lead to the recovery of over $1 million. The SEC is writing the rules for this reward system – and they want the whistleblowers to come straight to the agency, bypassing their corrupt bosses. Corporations are crying foul and pushing back, calling the program unfair. With the rules set to be finalized next April, this key provision is up in the air. Guests include: Jason Zuckerman, a whistleblower attorney at the Employment Law Group, a Washington, DC based law firm.