Whistleblowers help uncover more than 40 percent of corporate fraud. Employees who know their workplaces are breaking the law have the power to seek justice for those that fraudulent behavior affects. However, many employees opt not to do anything for fear of their employers branding them as the office snitch. If you know your company is engaging in fraudulent behavior, don’t be afraid of doing the right thing. Here’s what to consider before becoming a whistleblower.
Whistleblower protection laws apply to employees who report health and environmental safety breaches, regulatory breaches, cover-ups, and criminal offenses. If you have grievances that you can have solved by going to HR, then solve them that way. Reporting harassment and other in-office problems doesn’t count as blowing the whistle.
You need to have original information as evidence. Original information is independent knowledge that the SEC doesn’t already know and doesn’t come from public sources. Be prepared to provide specific details of each incident.
Know how long you have to file your suit as a whistleblower. Consult an attorney and tell them what you know. You’re only an observer in this case—it’s somebody else’s job to do the investigating.
Avoid muddying the waters from the get-go by staying quiet about your case. Don’t talk to anybody about blowing the whistle except your lawyer. Keep your head down at work while the investigation is...
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