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Whistleblower News From The Inside -- April 27, 2017

Posted  April 27, 2017

By the C|C Whistleblower Lawyer Team

Hungarian telecom executives settle FCPA charges – Two former Magyar Telekom executives settled charges with the SEC with the collective payment of $400k and an agreement to five-year bans on serving as public company officers. The two executives allegedly funneled millions of dollars to Macedonian and Montenegrin officials to get business for Magyar Telekom and disadvantage competitors; the company previously paid $95M to settle related charges. Bloomberg BNA

Trump to create whistleblower protection office at the VA – The executive order would create a new Office of Accountability and Whistleblower Protection at the VA. Under the order, the office would shield whistleblowers from retaliation. US News and World Report

Raids, arrests in Anglo-French soccer fraud probe – British and French authorities are investigating several soccer clubs, including Premier League leader Chelsea, London rival West Ham, and Newcastle for money laundering and tax evasion related to the transfer of players between England and France; Britain’s tax authority, which seized financial records, computers and phones in raids, said the suspected fraud amounts to 5 million pounds ($6 million). The Salt Lake Tribune


1 Reply to Whistleblower News From The Inside — April 27, 2017

  • BF says:

    I think it is important that whistleblowers are protected from retaliation if their case proves to be true. It is unfair for those with strong moral ethics to have to worry about the repercussions of telling the truth when business is being done unethically. As a chairman, owner, manager, employee, etc.., if you are putting others in positions due to illicit activity- you should be the only one suffering the consequences. Team players and whitsleblowers are basically one in itself, if you are a team player you should make sure rules, laws, and regulations are being followed. Those who play by the rules are clearly rewarded through praise, promotions, and pay increases. Non-team players are discouraged through threats of embarrassment, demotion, and the potential of being fired (Rae & Wong, 2012 pp. 488.

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