Kohn Explains Effectiveness of Whistleblower Incentives to Root Out Corporate Fraud
In a May 23, 2017, blog post on Pro-Market, the blog of the Stigler Center at the University of Chicago Booth School of Business, leading whistleblower attorney Stephen Kohn explored the findings of a 2008 ground-breaking study regarding the “most effective mechanisms for detecting corporate fraud.” The study found that monetary rewards had a “significant impact” on the probability of someone becoming a whistleblower. “Who Blows the Whistle on Corporate Fraud?” published in 2008 by the University of Chicago Booth School of Business, was used by the Securities and Exchange Commission (SEC) when implementing rules for the Dodd-Frank Act, according to Kohn.
Kohn’s blog post explains the importance of the study and the success of whistleblower incentive laws in rooting out corporate fraud. You can read Mr. Kohn’s blog post here: “Does Whistleblowing Work?”
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