Skip to content
Whistle Blower Latest Videos
  • Education

How Corporate Whistleblowers Make Millions

How Corporate Whistleblowers Make Millions

Post Views: 294
October 14, 2021 October 14, 2021 hero 58 Comments on How Corporate Whistleblowers Make Millions
whistleblowers

In 2010, the SEC launched a whistleblower program complete with a bounty for exposing fraud. Since the inception of the program, 66 whistleblowers have been paid $387 million for their contributions. Ted Siedle is one of them. He blew the whistle on JP Morgan Chase and in June 2019 he got the last part of $68M.

» Subscribe to CNBC:
» Subscribe to CNBC TV:
» Subscribe to CNBC Classic:

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:

#CNBC

How Corporate Whistleblowers Make Millions

Post Views: 294

Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

58 Comments

  1. The Liamster says:
    November 11, 2019 at 5:06 pm

    “Can you blow my whistle baby” Flo Rida 2012

    Reply
    1. Jon N says:
      November 11, 2019 at 11:23 pm

      @dan so only a black guy can use the qoute? So the Beatles songs qoutes only white people are allowed to used it? WTF?

      Reply
    2. Octopus 8 says:
      November 12, 2019 at 12:05 am

      @dan how is that a black song. You imply that sexual club lyrics are black, that’s racist af.

      Reply
    3. Octopus 8 says:
      November 12, 2019 at 12:05 am

      @Jon N ikr?

      Reply
    4. Michael M says:
      December 18, 2019 at 11:47 am

      @Jon N How does one get trolled so easily🤦🏾‍♂️?

      Reply
    5. Jon N says:
      December 19, 2019 at 4:21 am

      @Michael M I’m just talking sense…I’ve seen this on many videos…it’s like if blacks are in disadvantages they will just spill the racist card…I’m not even white(Asian)…

      Reply
  2. Tom says:
    November 11, 2019 at 5:06 pm

    Most whistleblowers receive 0$ and only have economical disadvantages, like not being employed anymore because you did your duty to your fellow citizen, for example by revealing corruotion in a Saudi military deal. Seems like a smear against whistleblowers in general. It’s not about how much reward a whistleblower gets, it’s about how much embezzled taxes they can bring back to the governemnt / us tax payers.

    Reply
    1. Earth Citizen says:
      November 11, 2019 at 8:16 pm

      A true whistleblower does it for the relief of injustice, but a bounty is a fair reward for the stress and fear one must go through from doing so. Being a victim of corruption is no piece of cake!

      Reply
    2. Jellybeans says:
      November 12, 2019 at 12:10 pm

      Can you talk more about the Saudi military deal please ? Because I’m Saudi and I’m interested.

      Reply
    3. Syed Arman says:
      November 12, 2019 at 1:46 pm

      .

      Reply
    4. campkira says:
      November 13, 2019 at 8:56 am

      well yeah… in the end you bite the hand that feeding you…..

      Reply
    5. Brianna Tonu says:
      March 7, 2020 at 7:02 pm

      @campkira stop spamming the same comment. it didnt work the first time.

      Reply
  3. Luxus Häuser says:
    November 11, 2019 at 5:17 pm

    This would be more enjoyable to watch and learn from if the images were not flashed so fast as if they were meaningless.

    Reply
  4. Bessie Belle says:
    November 11, 2019 at 5:18 pm

    Often imprisonment is the reward

    Reply
    1. campkira says:
      November 13, 2019 at 8:56 am

      well yeah… in the end you bite the hand that feeding you…..

      Reply
    2. Bob dabiuld says:
      November 14, 2019 at 3:48 pm

      ITK e p s t e i n

      Reply
    3. SanDeep says:
      November 15, 2019 at 8:17 am

      Ok boomer

      Reply
    4. stee says:
      November 15, 2019 at 4:57 pm

      @SanDeep lol what? do people just type ok boomer to everything now whether it has relevance or not?

      Reply
    5. indrinita says:
      December 11, 2019 at 7:17 am

      @Free Speech ok bigot

      Reply
  5. GameFuMaster says:
    November 11, 2019 at 6:07 pm

    Maybe Adam Waytz should not be paid, since people often go into teaching for “alturistic” reasons too.

    Reply
  6. victor nderu says:
    November 11, 2019 at 6:35 pm

    Paying people for doing what is right should be encouraged.

    Reply
    1. PBPP says:
      November 12, 2019 at 11:34 pm

      https://youtu.be/83sCqeVK4PA

      https://youtu.be/N2c_Cu5oABs

      https://youtu.be/wK4rxyrV7gk

      https://youtu.be/aj0EOCkluW8

      Reply
    2. JediOfTheRepublic says:
      September 16, 2020 at 5:39 pm

      yeah, participation rewards are awesome.

      Reply
  7. Vedant Kale says:
    November 11, 2019 at 6:48 pm

    For the critics who think financial incentive is bad, I would just ask you this. You expect others to risk their career, life and good health for the benefit of the society out of their goodness of heart but actually rewarding such people is beneath you. Just think about how messed up it sounds.

    Reply
    1. Austin Gaius says:
      November 14, 2019 at 2:48 pm

      Dominik MJ $89M unethical, then you must have missed the size of the fraud. Or do you think people skilled enough to discern fraud at the highest levels should fall on their swords?

      Reply
    2. Dominik MJ says:
      November 22, 2019 at 11:40 pm

      @Austin Gaius
      I simply think, that incomes in this levels, and especially government given rewards have to be reasonable.
      This guy of the video didn’t risked a lot. Yes – he basically tried to investigate after these companies, but he is not a “genuine” whistleblower who risks his job, his career, probably his social status etc.

      Ethics are not based on the ratio, how much the whistleblower gets – but the absolute amount. Look – in the finance market we have got already the problem of a growing and systemic inequality – but then with tenth of millions of dollars rewards, there is a government program, which supports inequality??? No – not good.

      Maybe there should be one part of the reward going to the person, and then another part to any reasonable charity? Or government program, which supports the bottom of the society?!

      Reply
    3. Jen_nice20 says:
      December 22, 2019 at 3:51 am

      Say that please. The death threats, being ostracized from society become more bearable when you can take care of yourself financially

      Reply
    4. David Walker says:
      January 30, 2020 at 5:13 pm

      Dominik MJ I just want to say that your difference of opinion is welcomed here. I think maybe you might not understand the level of fraud that this video refers to. These individuals or corporations commuting the fraud have placed people in worst situations than when they came into. The financial crisis of 2008 is one of them. Those ppl you’re referring to that are homeless at one time had a house, family, career, etc. and probably lost it all. Now as a result, they are homeless or earning much less than what they were making before the fraud was committed. Because of the lack of full government & corporate understanding of fraud on the multi billion/trillion dollar levels whistle blowers are needed. Whatever they are paid is the government’s and sec’s decision. You and I have never put our lives on the line to risk being in a situation where corporate gangsters could threaten your life, family and everything you have ever worked for.

      Reply
    5. JediOfTheRepublic says:
      September 16, 2020 at 5:37 pm

      You should like a pansy.

      Reply
  8. Yeah Okay says:
    November 11, 2019 at 6:57 pm

    🤣 He’s a natural born runner!

    Reply
    1. a998 says:
      November 14, 2019 at 2:08 am

      He looks pretty healthy for his age.

      Reply
  9. Matthew Hancock says:
    November 11, 2019 at 7:11 pm

    dude in the video: i’m the ultimate whistleblower

    6ix9ine: hold my beer

    Reply
    1. Rodney Fosdick says:
      November 11, 2019 at 7:29 pm

      😂😂🤦‍♂️

      Reply
    2. Vas says:
      November 12, 2019 at 5:45 am

      Hey.. I don’t think 6ix9ine is old enough for beer

      Reply
    3. Auriflamme says:
      November 13, 2019 at 9:53 pm

      He’s not a whistleblower, he’s an informant.

      Reply
    4. One Hope says:
      April 22, 2021 at 4:28 pm

      One’s a whistlsblower, the other’s a snitch.

      Reply
  10. jkjkjk says:
    November 11, 2019 at 7:56 pm

    Whistleblowers should be compensated. Corrupted corporations should’ve not done illegal shiet to begin with

    Reply
    1. ricky v says:
      November 14, 2019 at 5:59 am

      I agree with you completely. If we didn’t reward people’s desires for greater results then we’d probably see less corruption going on. 🙁

      Reply
    2. Judah The Oracle says:
      November 14, 2019 at 3:05 pm

      Mr. Sir you would call the cops on a guy you saw murder someone?

      Reply
    3. ricky v says:
      November 14, 2019 at 4:03 pm

      Judah TheOracle Good question.

      Reply
    4. evan1238 says:
      November 19, 2019 at 3:08 pm

      @Bob Brown Witness protection?? They are blowing the whistle on corporations like JP Morgan, not the Sinaloa Cartel lol

      Reply
    5. stop smoking cigarettes says:
      January 20, 2020 at 12:11 pm

      I am also whistle blower but they terminated me and now I am not getting job. This bank spoil my carrier. https://youtu.be/t8QF_bZJwho

      Reply
  11. JBass14 says:
    November 11, 2019 at 10:10 pm

    You can make money doing anything in America 🤣🤣

    Reply
  12. rebbie says:
    November 12, 2019 at 9:25 am

    This seems like an awesome idea all around. Only problem seems to be the SEC doesn’t have enough manpower to review all the cases.

    Reply
  13. AJ12Gamer says:
    November 12, 2019 at 1:27 pm

    I wish Philippines has this.

    Reply
  14. Flexxx.X says:
    November 12, 2019 at 4:53 pm

    Wall Street calls it Whistleblowing.
    The Streets call it Snitching.
    I call it, “I’m not going to jail for anyone else” lol

    Reply
    1. PBPP says:
      November 12, 2019 at 11:44 pm

      https://youtu.be/83sCqeVK4PA

      Reply
    2. dominic mersini says:
      January 31, 2020 at 11:44 am

      Flexxx.X Snitch

      Reply
  15. rwdplz1 says:
    November 12, 2019 at 8:56 pm

    The monetary bounties are ABSOLUTELY necessary: Most whistle blowers, especially in the day of the internet, will never be hired by another company anywhere ever again. They have to live off that money for the rest of their lives.

    Reply
    1. Carl White says:
      November 16, 2019 at 7:29 pm

      rwdplz1 true

      Reply
    2. Alexander Walsh says:
      November 30, 2019 at 11:05 pm

      They are necessary for multiple reasons. 1) Yes, it helps you uncover more criminals and 2) it functions as a form of insurance for those who ruin their lives by doing the right thing. This information is not out there in the public or even at the low/mid-levels of most organizations. So, often times the people who are in possession of this vital information are successful themselves in finance. And once they blow the whistle, many organizations can figure this out which leads to these people being fired and black marked in the industry, because other firms don’t want to hire a person known for going to the SEC. So, doing the right thing often has a big negative impact and these rewards help offset that. The only place they fail is not going far enough, because they take years to reward and only come through 5% of the time.

      Harry Markopolos had to press one of the largest cases in history for 10 years before anything happened and that was only after the Ponzi blew up. It might be better today, but there is still so much that gets missed even when the docs/etc are given to the SEC. If you go in and rob a bank at gunpoint, you might make out with $20,000 but will quickly go to America’s top wanted. However, if you use a convoluted scheme to steal a couple million $ in finance, the SEC likely will find this too small to pursue. Your name never goes on a list and nothing happens. It’s nuts.

      Reply
  16. Ahmed Shaharyar Ejaz says:
    November 13, 2019 at 7:10 am

    False. I’ve been whistling for years but I’ve never got a dime for it.

    Reply
    1. Saxo Pio says:
      November 16, 2019 at 6:42 pm

      Join the NFL then.

      Reply
  17. Victor Popov says:
    November 13, 2019 at 11:50 am

    Its sad that alot of whistleblowers dont get compensated for exposing illegal activites.

    Reply
    1. May the Science be with You says:
      November 20, 2019 at 8:42 am

      Their compensation is that they’ll go into early retirement, because no one will want to hire a whistleblower.

      Reply
  18. 87 Seconds Education says:
    November 14, 2019 at 4:03 pm

    “Why are we spending so much money on whistles?”

    -Loose Seal Bluth

    Reply
  19. Prince Ataya says:
    November 15, 2019 at 12:59 am

    Great presentation, insight and content 👍🏿👌🏿

    Reply
  20. lunacron says:
    November 21, 2019 at 8:59 pm

    As long as the information is valid and they’re actually exposing corruption then what difference does it make if they’re getting paid.

    Reply

Recent Posts

  • 2022 Russia-Ukraine war : Russian Tank Crushing Ukrainian Vehicle
  • #shorts #youtubeshorts Russia vs Ukraine whistleblower protection program
  • Godi Media vs Ravish Kumar | Russia Ukraine | McAdams | WhistleBlower Being Honest | NDTV |
  • Russia Ukraine || Operation Ganga – Ground Reality || WhistleBlower || Godi Media || Being Honest ||
  • Russia and Ukraine whistleblower

Recent Comments

  1. Amby Kp on What Dr. Greer Told Us About NEW Whistle Blower Is Shocking! 2022
  2. Wally Tidwell on What Dr. Greer Told Us About NEW Whistle Blower Is Shocking! 2022
  3. clandestine.thoughts on What Dr. Greer Told Us About NEW Whistle Blower Is Shocking! 2022
  4. Rox In Space on What Dr. Greer Told Us About NEW Whistle Blower Is Shocking! 2022
  5. Peter Maddison on What Dr. Greer Told Us About NEW Whistle Blower Is Shocking! 2022

Archives

  • May 2022
  • March 2022
  • November 2021
  • October 2021

Categories

  • hero

© 2022 - All rights reserved
Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}
Get Notified Of New Videos
Stay Connected
BY ME A COFFEE