Whistleblowers

Three Merrill Insiders To Split $83 Million In Largest-Ever Whistleblower Award

– Three Merrill Insiders To Split $83 Million In Largest-Ever Whistleblower Award:

Who needs to work when you can just expose your boss’ criminal ways and retire with the “whistelblower” proceeds?

That’s the question three former Merrill Lynch insiders will ask themselves after their tips led to both a successful enforcement against parent company Bank of America in a $415 million settlement for engaging in complex transactions which allowed the bank to reduce the amount of client funds that had to be set aside in reserve accounts and – more importantly – the largest ever whistleblower award amounting to $83 million.

Two of the recipients will split a $50 million award, while a third person will receive $33 million for a tip in the same case.

The previous record was $30 million in 2014 – all done under an award provision under the post-crisis Dodd-Frank law. 

Read moreThree Merrill Insiders To Split $83 Million In Largest-Ever Whistleblower Award

World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World

Reader squodgy:

“Karen Hudes used to be a key pro at the World Bank until she joined the dots & blew the whistle.
Here she joins with what David Icke has been trying to get over for nearly 30 years.

http://kahudes.net/

https://freedomoutpost.com/world-bank-whistleblower-karen-hudes-reveals-global-elite-rule-world/

https://www.youtube.com/watch?v=VYn4tu1ES4c”

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Whistleblower claims accountants turned a blind eye to Dubai firm he says painted 5 tons of gold to look like silver

– Whistleblower claims accountants turned a blind eye to Dubai firm he says painted 5 tons of gold to look like silver:

  • An E&Y whistleblower claims his former employer is guilty of suppressing information about money laundering and other wrongdoing in its audit of a Dubai gold company.
  • Amjad Rihan is suing his former employer and has accused E&Y of continuing to work with Kaloti group after he blew the whistle in 2014.
  • Kaloti group is accused of painting gold bars silver to avoid export restrictions and of doing business with organisations listed by US authorities as fronts for terrorism and organised crime, according to documents filed in the high court.
  • E&Y and Kaloti group have denied any wrongdoing.

LONDON — Big Four consulting firm Ernst & Young (E&Y) has been accused of “unlawful, unprofessional, and unethical” behaviour relating to its audit of a Dubai gold company accused of money laundering and buying gold from conflict zones.

The allegations were made in documents, seen by the Guardian, filed in the high court by lawyers acting for Amjad Rihan, a former E&Y partner who blew the whistle on the alleged scandal in 2014.

Read moreWhistleblower claims accountants turned a blind eye to Dubai firm he says painted 5 tons of gold to look like silver

Australian Government Wants To Punish Whistleblowers And Journalists Who Leak Classified Documents With Up To 20 Years In Prison

– Australian Government Wants To Punish Whistleblowers And Journalists Who Leak Classified Documents With Up To 20 Years In Prison: 

Whistleblowing stories have become something of a commonplace, as a stream of Techdirt posts attests. Some leaks offer massive revelations, like the documents released by Chelsea Manning, or Edward Snowden. Others are smaller scale, but expose unsuspected activities that powerful people were trying to keep in the shadows. Here, for example, is a recent leak published in the Guardian about big companies spying on law-abiding organizations that dare to disagree with them:

They shine a rare light on a habitually secretive industry in which large firms hire covert operatives to monitor and infiltrate political groups that object to their commercial activities. At a premium is advance information, tipping off the firms about protests that are being organised against them.

As the Snowden files proved, leaks about government activities can have particularly important knock-on consequences in terms of improving the balance of power between citizens and their supposed representatives. Perhaps because of that effect, the Australian government plans to bring in new laws that could see whistleblowers jailed for 20 years:

Read moreAustralian Government Wants To Punish Whistleblowers And Journalists Who Leak Classified Documents With Up To 20 Years In Prison

WikiLeaks Reveals The “Snowden Stopper”: CIA Tool To Track Whistleblowers

– WikiLeaks Reveals The “Snowden Stopper”: CIA Tool To Track Whistleblowers:

“Web beacons typically go unnoticed. A tiny file is loaded as part of a webpage. Once this file is accessed, it records unique information about you, such as your IP address and sends this back to the creator of the beacon.”…

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NSA Whistleblower: US Intelligence Worker Likely Behind DNC Leaks, Not Russia

– NSA Whistleblower: US Intelligence Worker Likely Behind DNC Leaks, Not Russia:

During the third and last presidential debate between Republican Donald Trump and Democrat Hillary Clinton, debate moderator Chris Wallace pulled a quote from a speech Clinton had given to Brazilian bankers, noting the information had been made available to the public via WikiLeaks.

Instead of answering the question, Clinton blamed the Russian government for the leaks, alleging “[t]he Russian government has engaged in espionage against Americans,” hacking “American websites, American accounts of private people, of institutions … in an effort, as 17 of our intelligence agencies have confirmed, to influence our election.”

Following the claim, Clinton criticized Trump for saying “[Clinton] has no idea whether it’s Russia, China, or anybody else,” repeating her assertion that 17 U.S. intelligence agencies had determined the Russian government had been behind the Democratic National Committee (DNC) hack.

Despite her claim, reality couldn’t be more different.

Read moreNSA Whistleblower: US Intelligence Worker Likely Behind DNC Leaks, Not Russia

Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words

ben artzi

– Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words:

At the height of the financial crisis, when risk assets were imploding and counterparties were in danger of overnight collapse, Deutsche Bank avoided failure and nationalization by fabricating the value of its $130 billion derivative portfolio of “leveraged super senior” trades.

Some history: back in 2005, these trades were seen as “the next big thing” in the world of credit derivatives, something which DB at the time was building a massive position in. They were designed to behave like the most senior tranche of a typical collateralised debt obligation, where assets such as mortgages or credit default swaps are pooled to give investors varying degrees of risk exposure. Deutsche became the biggest operator in this market, which involved banks buying insurance against the possibility of default by some of the safest companies, the FT writes.

Read moreWhy A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words