In a recent episode of the McCuistion Television Program, a panel of experts discussed important issues related to whistleblowers and why they often feel compelled to expose wrongdoing within businesses and organizations. It’s an interesting episode for those who would like to learn more about these issues.
One of the panelists, Dr. Michael Winston, received a $4 million verdict in a jury trial after he blew the whistle on mortgage lender Countrywide Financial, which he claimed was funding loans to people who shouldn’t have been approved. However, his verdict was later reversed, and he said he faced retaliation because of his actions.
Also on the panel was William Black, a former bank regulator who was heavily involved in examining the corruption associated with the savings and loans crisis of the late 1980s. There was also Richard Bowen, who spoke about his experience as a chief underwriter for Citigroup during the most recent financial crisis. He would go on to testify in front of the U.S. Securities and Exchange Commission, providing more than 1,000 pages of evidence that Citigroup was engaged in fraudulent practices.
For business leaders and executives, this program offered some interesting insights into what drives whistleblowers, perhaps giving organizations a greater understanding of how they can manage situations in which an employee, contractor or third party has expressed concerns about potentially troublesome activity.
If you would like to learn more about how you can best protect your rights during an internal corporate investigation, work with an experienced Dallas attorney at Whistleblower Law for Managers.