Temat: If we don’t do it, somebody else will… Whistleblower Post

If we don’t do it, somebody else will… Whistleblower Post

We worry that the big banks never really learned their lesson. Sure, the Justice Department and some states like New York have levied record breaking fines against the banks and other Wall Street insiders. Those fines and sanctions started to make a difference but it takes more than a few great prosecutors to stamp out fraud.

For the system to really work, folks inside these organizations must change. The corporate culture must change. An attitude of ”If we don’t do it, somebody else will” doesn’t help. Rexrode properly notes that some bankers are “terrified” of losing market share or not bringing in enough profits.

As whistleblower lawyers, we believe that whistleblowers are major part of any solution. The Justice Department and bank regulators can’t be everywhere, all the time. There is an intense pressure within an organization for individuals to not speak up about greed or fraud. Everyone knows that something is wrong yet most people are afraid to stand up and say something that can cost them their jobs or cause co-workers to lose bonus pay.

Congress passed legislation to both protect whistleblowers from retaliation and to incentivize folks to come forward and report fraud. Although the awards certainly help, most of the whistleblowers we represent are conscientious people that simply grow weary of watching a few top executives make millions while homeowners and borrowers suffer.

Think you have inside information about fraud or wrongdoing within a bank, mortgage company, rating agency or loan servicer? Give us a call. Our whistleblower lawyers are dedicated to helping whistleblowers collect the maximum possible award. We have helped already helped whistleblower in three, billion dollar cases either settled or presently pending. Last year the government paid out $435 million in whistleblower awards just from the False Claims Act.

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