Business groups are in a state of alarm about a federal plan to reward company insiders and other tipsters for blowing the whistle on corporate fraud. The Securities and Exchange Commission is scheduled to vote Wednesday on a far-reaching proposal to combat corporate wrongdoing by paying private employees to join the fight. The bounties could make tipsters rich and give them a powerful incentive to expose the kind of abuses that have cost investors dearly, from the Enron and WorldCom accounting frauds of a decade ago to the Fannie Mae and Freddie Mac scandals of later years and alleged misrepresentations involving toxic mortgages. Read full article >>
Businesses Criticize Whistleblower Plan
David S. Hilzenrath, Washington Post
Mon, 05/23/2011 - 9:07am
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