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ARTICLE · 20 AUGUST 2013

Anyone Can Whistle

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While 2012 didn’t bring the Mayan Apocalypse, it did live up to its promise as a good year to be a whistleblower.

United StatesEmployment and HR
Lauren Resnick
Lauren Resnick
Tracy Cole
Tracy Cole
Essence Liburd
Essence Liburd
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While 2012 didn't bring the Mayan Apocalypse, it did live up to its promise as a good year to be a whistleblower. A former UBS banker imprisoned for tax fraud received a whistleblower award of $104 million — reportedly the largest individual federal payout in U.S. history. See http://goo.gl/vmHFe . The federal government boasted a new record in recoveries from cases filed under the False Claims Act (FCA), noting that whistleblowers initiated more new FCA matters in 2012 than any prior year on record. See http://goo.gl/Oi8NQ. And despite making only one award in its first year of business, the Securities and Exchange Commission's (SEC) Office of the Whistleblower reported receiving 3,001 complaints. See SEC Annual Report on the Dodd Frank Whistleblower Program Fiscal Year 2012, November 2012.

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