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A whistleblower who helped expose false accounting at Deutsche Bank has turned down a multimillion-dollar award from the Securities and Exchange Commission in protest against the agency’s failure to punish executives at the bank.
Eric Ben-Artzi, a former Deutsche risk officer, has told the SEC he is declining his share of a $16.5m payout
— the third-largest in the whistleblower programme’s history — awarded for information that led the agency to fine Deutsche Bank $55m last year. The SEC found Deutsche misstated its accounts at the height of the financial crisis by improperly valuing a giant derivatives position
http://www.ft.com/cms/s/2/28e363c6-6559-11e6-8310-ecf0bddad227.html#axzz4HlVvIOCe
Eric Ben-Artzi, a former Deutsche risk officer, has told the SEC he is declining his share of a $16.5m payout
— the third-largest in the whistleblower programme’s history — awarded for information that led the agency to fine Deutsche Bank $55m last year. The SEC found Deutsche misstated its accounts at the height of the financial crisis by improperly valuing a giant derivatives positionhttp://www.ft.com/cms/s/2/28e363c6-6559-11e6-8310-ecf0bddad227.html#axzz4HlVvIOCe
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Ricky Lake, surely....?
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hero of the year surely
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Yep....he's high-lighting the corruption.
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