“I Want to be a Whistleblower When I Grow up”

kidmoneyBecoming a whistle-blower is now a financially sound career move, thanks to the UK’s Office of Fair Trade (OFT). The British watch dog announced last Friday that it will offer as much as £100,000 for information leading to the discovery and dismantling of illegal corporate cartels. The OFT will offer the rewards for an 18 month trial period. However, if the program is successful it could become permanent.

With recent publicized stories of whistle-blowers making small fortunes for calling-out cartels, and after the success of German and British authorities paying informants for the names of people evading taxes through Liechtenstein bank accounts, the hope is that this new plan will encourage more employees to speak up about their companies’ illegal habits. According to the Independent:

Simon Williams, the OFT’s senior director of cartels and criminal enforcement, said: “We believe that it is in the public interest to offer financial incentives in the hope that it will encourage more people who have good information about the existence of hard-core cartel activity to come forward.”

Obviously, the information has to be good – whistleblowers will only get paid after a successful prosecution. The OFT has established a hotline (0800 085 1664) as well as an email address (cartelshotline@oft.gsi.gov.uk) that aspiring whistle-blowers can use to report bad behavior.


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