News Clips & Coverage
Being a whistleblower can be a lucrative retirement plan. Especially if you work in sensitive roles at selective financial services companies.
In one 2008 mortgage-related Bank of America court case, in which prosecutors commanded a $16.65 billion fine in exchange for not pressing criminal charges, payments to internal whistleblowers are approaching $170 million, a New York Times Dealbook article by Matthew Goldstein notes.
Whistleblowers collecting just over 16% of the total...
A lawsuit alleges mutual fund giant Vanguard avoided paying $1 billion in state and federal taxes over last decade
A former Vanguard Group employee sued the largest U.S. mutual fund company, accusing it of operating an illegal tax shelter for around 40 years by providing services at prices designed to avoid federal and state income tax.
The complaint was filed under the False Claims Act, a whistleblower law in New York State.
Vanguard Group avoided taxes
The lawsuit was filed in New York last year by a then-Vanguard Group Inc. tax attorney, and unsealed Friday in state court in Manhattan. The...