whistleblower

If you have proof of financial crime -- corporate malfeasance or tax evasion, say -- you shouldn't keep it to yourself: Rewards for whistleblowers can reach as high as 15 to 30 percent of the money recovered by the government. Read on for some recent examples of richly rewarded whistleblowing, as well as tips for anyone thinking of blowing the whistle.

A former seven-year Bank of America employee alleges in a series of leaked documents that a Bank of America subsidiary, Balboa Insurance, engaged in scams involving insurance policies known as force-placed insurance.

Whistleblowing firm Ven-A-Care has recovered $2 billion for taxpayers by suing drug companies that overcharge the government and create windfalls for participating pharmacies. It also has made $380 million for itself. What's the problem with that?

Linda Almonte, a former employee of JPMorgan Chase who is suing the bank for wrongful termination, has upped the ante by filing a whistleblower complaint with the SEC. She's alleging grotesque and illegal practices with Chase credit card accounts.

Here's news from the business world and other money matters to watch out for Tuesday (last updated at 8:30 a.m. Eastern time): New Program Rewards Snitches: Critics warn that a new federal program to reward whistle-blowers for tip-offs about potential misdeeds at U.S. corporations and banks is...

A new report says Wall Street insiders who tip off authorities about securities fraud may end up with big rewards. But will the new system work as intended or just gum up the works with frivolous claims while scamsters go about their business?

The IRS has seen a surge in tax informants since a law was passed in 2006 offering a potential reward of 15% to 30% of the money collected in excess of $2 million. Delinquent taxpayers: Watch out!

Admit it, it drives you nuts: You know someone who has cheated on his or her taxes, and you think you can't do a thing about it. Or maybe you can. The IRS Whistleblower Office was established by the Tax Relief and Health Care Act of 2006 to encourage taxpayers who witness tax problems to make...

Pharmaceutical companies target doctors to boost sales through such information. Since this raises the cost of patients' medications, states are aiming to limit such tactics via the courts.

It seems that Harry Markopolos wasn't the only person blowing the whistle on the Ponzi scheme being run by money manager Bernard Madoff. News is now out that there were several people who contacted the Securities and Exchange Commission between 2003 and 2006 with complaints. The reports to the...