BofA Has To Pay Fired Whistleblower $930,000

from the but-the-us-gov't-will-still-try-to-put-people-in-jail dept

The US Department of Labor has told Bank of America to reinstate a guy they fired for blowing the whistle on fraud at Countrywide, and pay him $930,000 for his troubles. Apparently, BofA fired the guy soon after taking over Countrywide and discovered that this (unnamed) employee was trying to report on the fact that others, who had reported fraud at Countrywide, had been the victims of corporate retaliation.

Of course, Bank of America has plenty of cash on hand, in part because the US government (the one now ordering it to pay this worker less than a million dollars) has bailed the bank out to the tune of over $20 billion.

And while we're on the subject of the US government punishing a company for retaliating against whistleblowers, we should probably mention that the very same federal government has been going out of its way lately to try to imprison government whistleblowers. Apparently, it's okay when the federal government does it, but not when anyone else does it.


Reader Comments (rss)

(Flattened / Threaded)

  1.  
    identicon
    Anonymous Coward, Sep 15th, 2011 @ 7:58pm

    Do as I say, not as I do.

     

    reply to this | link to this | view in thread ]

  2.  
    icon
    That Anonymous Coward (profile), Sep 15th, 2011 @ 8:14pm

    Sigh.
    I want to be worked up about the injustice in the system.
    I want to be worked up about whistleblowers needing protection for the greater good.

    But this is just going to be another one of those cases no one cares about. The evil whistleblower will be the cause of all of their problems, and he will be demonized.

    All of the spin is always about the whistleblower and how they got the information, never any look at the actual information.

    Once upon a time when you had a whistleblower, Pentagon Papers or DeepThroat, they bothered to look into the information and then dug for more. Now they just try to get everyone to feel bad for the poor company this person set up to take the fall.

    When you have a whistleblower, and they try to silence them there should be all kinds of investigations launched. I don't care if its the Whitehouse or BOFA, the fact they are doing more than just denial pretty much should confirm what the whistleblower is saying is true and it is a symptom of much worse things being done secretly.

     

    reply to this | link to this | view in thread ]

  3.  
    identicon
    monkyyy, Sep 15th, 2011 @ 8:30pm

    Re:

    right to the heart of the problem

     

    reply to this | link to this | view in thread ]

  4.  
    identicon
    monkyyy, Sep 15th, 2011 @ 8:33pm

    Re:

    tv is getting old, and well they get bored of the same old stuff so they just put in zero effort to get high ratings

    internet is where the new brighteyed reporters are

     

    reply to this | link to this | view in thread ]

  5.  
    identicon
    Anonymous Coward, Sep 15th, 2011 @ 9:50pm

    Whistleblowers and Retaliators

    Any time there is no adequate whistleblower protection scheme set up and actually working properly, you can be sure there will be criminal activity going on, done by persons at the top of the organization. Any large pot of money will attract criminals, like bears to honey.

    Notice how there have been numerous whistleblowers retaliated against. Only one has been compensated. No attention has been paid to the fraud which set off the whistleblowing. No corporate retaliators have been punished. The government has a long way to go, if they want to do a proper job of cleaning up BofA. What are the chances that they will actually get the job done?

    The culture of scheming in the US finance industry has gravely damaged the US economy. It will continue to do so.

     

    reply to this | link to this | view in thread ]

  6.  
    identicon
    abc gum, Sep 16th, 2011 @ 4:35am

    Any guess as to how long this will drag out?
    This person will probably never see a dime.

     

    reply to this | link to this | view in thread ]

  7.  
    icon
    Clay (profile), Sep 16th, 2011 @ 6:57am

    Hey US Govt., you're doing it wrong

    Wake me up when the people responsible for the fraud are put in federal "PMITA" PRISON. Paying out fines is just part of doing business to these ****s.

     

    reply to this | link to this | view in thread ]

  8.  
    identicon
    Anonymous Coward, Sep 16th, 2011 @ 7:19am

    I believe the employee was a she judging by the following from the article:
    in no way related to the complaints and allegations she made

    So they're not going to be paying him anything.

     

    reply to this | link to this | view in thread ]

  9.  
    identicon
    James, Sep 16th, 2011 @ 7:48am

    Govt Whistleblowers

    In the government, whistleblowing on fraud, waste or abuse is encouraged, and protected by the IG (Inspector General). Leaking classified information is not considered whistleblowing.

     

    reply to this | link to this | view in thread ]

  10.  
    icon
    ibaconi (profile), Sep 16th, 2011 @ 8:22am

    Government Whistle Blowers??

    Did someone try to blow the whistle on Obuma? Next thing you know they'll be tryin' to pass him off as bein' American!

     

    reply to this | link to this | view in thread ]

  11.  
    identicon
    Anonymous Coward, Sep 16th, 2011 @ 9:52am

    Re: Govt Whistleblowers

    Unfortunately, all records of fraud, waste and abuse are classified.

    Fix up the over-classification problem, before asking for more respect towards state secrets.

     

    reply to this | link to this | view in thread ]

  12.  
    identicon
    James, Sep 16th, 2011 @ 12:14pm

    Re: Re: Govt Whistleblowers

    Not defending the over-classification, that's an issue we are working on, but two wrongs don't make a right. Most classified information is classified for a very good reason. The more people that know of a secret reduce the chances of the secret being kept.

     

    reply to this | link to this | view in thread ]

  13.  
    icon
    The Devil's Coachman (profile), Sep 18th, 2011 @ 7:53am

    Re: Government Whistle Blowers??

    I think you've found your calling - troll. Please proceed with additional douche-baggery.

     

    reply to this | link to this | view in thread ]

  14.  
    icon
    The Devil's Coachman (profile), Sep 18th, 2011 @ 7:59am

    Bank of America blows ponies!

    That's when they're not doing face-plants in donkey bungholes. Why anyone would do business with those turds is beyond comprehension!

     

    reply to this | link to this | view in thread ]


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