The Justice Department kicked off an initiative to offer financial incentives to corporate tipsters, dangling potentially million-dollar payouts to people with information on financial fraud, bribery, and healthcare schemes.
DOJ leaders rolled out the three-year pilot program Thursday, singling out the recent guilty pleas and billions in forfeitures from both Binance and Danske Bank as the type of misconduct they hope to uncover from non-culpable whistleblowers.
Starting Aug. 1, the whistleblower rewards pilot program will accept tips of previously-unknown evidence of misconduct not already covered by other agency whistleblowing policies. If the information leads to criminal or civil asset forfeitures ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.