Top Swiss court acquits banking whistleblower Rudolf Elmer

Posted Posted in in the news, legal

Switzerland’s Federal High Court today confirmed a lower court ruling, finding that Rudolf Elmer did not violate Swiss banking secrecy laws when he revealed information about offshore banking tax avoidance schemes.

Breaking bank secrecy is a criminal matter in Switzerland that carries a penalty of up to three years in jail.

[Cross-posted from Whistleblowing Today.] (more…)

The SEC Wants More Whistleblowers

Posted Posted in legal

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By Will Atkinson

$22,437,800. That’s the compensation recently awarded to a whistleblower for alerting the SEC to fraudulent financial practices at agrochemical and agricultural biotech company Monsanto. The whistleblower award was part of the $80 million penalty the U.S. Securities and Exchange Commission levied against Monsanto for deceptive accounting practices. (more…)

NYPD whistleblower settles claim against hospital

Posted Posted in in the news, legal

A New York City police officer has settled his complaint against a hospital that held him against his will in a psychiatric ward. The officer, Adrian Schoolcraft, claimed bosses ordered him arrested on and hospitalized in retaliation for his whistleblowing disclosure of arrest quotas and manipulation of crime statistics.

Schoolcraft previously settled claims against the New York Police Department for $600.000 plus back pay and benefits from 2009 until the end of this year.  Quoting “a source,” the New York Daily News reported that Schoolcraft’s total settlement with the city exceeds $1 million dollars and that “it’s highly likely he will retire from the force. (more…)