Someone just scored a $114 million payday — without playing the lottery or stepping into a casino. Instead, the check was signed by Uncle Sam.
"People just get frustrated," she added."They become quite disenchanted and that's when they come to the SEC. Whistleblowers are often employees who can't live with seeing wrongdoing happening at the company." "It's incredibly serious," Norberg said of the confidentiality."People have to feel comfortable to come to us."
Since its first payment in 2012, the SEC has awarded a total of $676 million to 108 individuals. The awards are paid out of a pool of money financed entirely through fines the SEC collects, not taxpayer money. "The money is also a motivating factor. It can push someone who is otherwise on the fence to report their concerns," said Norberg."There is a real hardship, both personal and professional, that people endure. The money, I hope, helps.""I've seen whistleblowers who have personal relationships with the wrongdoer and they report on them when the relationship goes sour," Norberg said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ANCALERTS - 🏆 26. / 50 Read more »
Source: gmanetwork - 🏆 12. / 63 Read more »
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Source: interaksyon - 🏆 24. / 51 Read more »
Source: cebudailynews - 🏆 8. / 71 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »