A whistleblower who helped reveal false accounting at Deutsche Bank has refused an $8.25 million award from a U.S. securities regulator because of the agency's failure to punish bank executives, the Financial Times reported.
Eric Ben-Artzi, a former Deutsche Bank risk officer, wrote in an opinion article in the Financial Times that the $55 million U.S. Securities and Exchange Commission penalty on which the award is based should have been paid by Deutsche's executives.
Ben-Artzi, his law...
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Month: August 2016
IRS Rewards For Tax Whistleblowers
The Tax Court yesterday in a key case (Whistleblower 21276-13W v. CIRPY +% – 147 TC 4) held that IRS whistleblowers can get awards not only in situations where taxes are collected under Title 26 but also when the taxpayer pays criminal fines and civil forfeitures. Great news not just for the whistleblowers involved in this case (and for me as well — as the whistleblowers’ lead attorney in this case). But great news as well for all whistleblowers and the whistleblower program. Potential whist...
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