AG Holder to call for new rewards for whistleblowers

Blowing Whistle

U.S. Attorney General Eric Holder will call for a law change to increase rewards for whistleblowers who turn in evidence of crimes on Wall Street, according to officials.

Holder will also seek more U.S, Federal Bureau of Investigation hires to probe Wall Street activities, according to officials.

Currently, the False Claims Act-which deals with fraud committed against government programs and often produces criminal cases against corporate executives-allows whistleblowers who provide evidence to earn nearly one-third of the ultimate settlement amount achieved in the case.

-By CNBC

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