Security clearances are crucial for protecting sensitive information. However, the secrecy and cachet of these clearances can also contribute to coverups or exacerbate certain violations. When someone with a job that requires security clearance reports wrongdoing, employers on occasion have retaliated by revoking the whistleblower's clearance. However, a new bill introduced in Congress seeks to prevent and penalize this retaliation.
In recent news, a financial investigator was awarded $30 million from the U.S. Commodity Futures Trading Commission (CFTC) after blowing the whistle on JPMorgan Chase & Co, an investment banking company with headquarters in New York. This award is a record high, tripling the previous peak whistleblower award.
For the last year, turmoil in both the political and professional world has led to fears in many consumers and investors over how effectively regulatory agencies might enforce laws. Fortunately, when it comes to agencies enforcing whistleblower protections and compensation, enforcement appears stronger than ever.
You play ball with us, we'll play ball with you.
If you know there is an agency or company that is acting fraudulently and costing the government money or assets, you have the right to speak up. Your case, known as a qui tam case, is allowed by law.
Becoming a whistleblower in a qui tam case against a current or former employer is not something to be taken lightly. Whistleblowers sometimes can ultimately reap hefty rewards, but the fall-out from these cases can be extreme and life-changing. Below are some negative repercussions you could experience if you blow the whistle on your employer:
In the last several years, there have been a shocking number of high-profile whistleblowing cases illustrating in harsh terms just how often those working in both the public and private sectors are faced with the difficult prospect of turning in a co-worker or employer for unlawful activities. While it would be nice to think that the ones writing your paychecks and facilitating your career are trustworthy and law-abiding, this is far too often not the case. If you are considering becoming a whistleblower, there are some things you need to know.