Bounty for financial fraud whistleblowers?

The inspector general probing the SEC’s failure to discover Bernard Madoff’s $65 billion Ponzi scheme recommends that whistleblowers should be paid a bounty for information about financial fraud.  School of Law Professor Tamar Frankel, an authority on securities law, says such rewards would be a two-edged sword and probably limited to outsiders (insiders thereafter couldn’t be trusted).

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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