U.S. Representative Michele Bachman founder of the Tea Party Caucus is seeking to repeal the Dodd-Frank financial bill. Bachman and several others say the law has grossly expanded the federal government beyond its jurisdictional bondaries. The Dodd Frank Act provides tough new sanctions for financial fraud and has a whistleblower provision allowing for individuals...

A provisions of the newly enacted Dodd Frank act allows whistleblowers to share in the recovery against financial wrongdoers if the sactions exceed $1 million. This is a very broad statute and relates to almost any kind of financial mis-dealings. An example? The Securities and Exchange Commission charged a Connecticut based hedge fund manager...

The Dodd-Frank Act requires the SEC and the CFTC to pay between 10 percent and 30 percent of any award received by the government to whistleblowers who voluntarily provide original information regarding a violation of securities or commodities laws leading to a government recovery. A whistleblower may only recover if the whistleblower is the...

There are two major provisions of the new law passed last month that will give new bite to the SEC whistleblower program. The Act entitles secruties fraud whistleblowers to recovery upto 30% of the SEC recoveries for original information prompting any "judicial or administrative action brought by the commission under the securities laws resulting...

Whistleblower Guide According to the government, over 10 percent of all of the funds it spends is lost due to fraud! This means over $300 million a year. Fraud is rampant and is not being controlled by audits. Now, Congress has revamped a number of laws and ordered that the U.S. Department of Justice upgrade...

House Speaker Nancy Pelosi (D-Calif.) unveiled an oil spill response package last night. The bill includes legislation proposed by House Natural Resources Committee Chairman Nick Rahall (D-W.Va.) that would reform the Interior Department's drilling oversight infrastructure and put new regulations on the oil drilling. It also includes the Offshore Oil and Gas Worker Whistleblower Protection...

The new financial regulations passed by Congress create significant incentives for emloyees to report on employer wrongdoing. Whistleblowers providing original information related to securities fraud will be eligible to collect rewards of between 10-30% of the fines and other restitution paid to the government in excess of one million dollars. In 2008 Siemans agreed...

Cadet Honor Code, which states "A cadet will not lie, cheat, steal, or tolerate those who do."

In house legal attorneys working for companies can become whistleblowers in situations of company wrongdoing and fraud. This was the case when two in-house attorneys claimed they were fired for for revealing the wrongdoing of the companies they worked for. The 9th Circuit appellate court held that under the whistleblower provisions of the Sarbanes...

The financial regulation bill passed by the Senate Thursday night included a provision that expands a bounty program to compensate "whistleblowers," or those who report fraudulent or corrupt activity by their employer. Currently, the program run by the Securities and Exchange Commission only pays out to informants in insider-trading cases. It's been used a...