Friday, October 9, 2009

The Debts of the Spenders: US Rewards Whistleblower W/Jail Time

The lesson is that coming forward to speak about fraud, insider trading, and tax evasion from your employer will get you a conviction by the authorities.

"This sends a terrible message to potential whistle-blowers," said Jesselyn Radack, a former Justice Department lawyer who now works with the Government Accountability Project, a Washington-based whistle-blower advocacy group.

"The only person going to jail in this case is the whistle-blower," Radack added, saying "the major bad actors" in the UBS case had all gone free.

"The fact that they would grant someone from Switzerland immunity and not a U.S. citizen who brought them the entire case on a silver platter, tied up with a bow with a cherry on top ... I just don't get it," Radack said.;_ylt=AkS89phSvykSwMKCReefE.G7YWsA;_ylu=X3oDMTE1M3JvMHQzBHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawNwcm9zZWN1dGlvbm8-?x=0&sec=topStories&pos=5&asset=&ccode=
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