Startup Funding Espresso – What Is a Whistleblower?

What is a whistleblower? Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Internal fraud is often caught by an employee. The employee who sounds the alarm is called a whistle-blower. The whistleblower is someone who reports fraud to the authorities. Whistleblowers fear retaliation for outing a manager or other employee. Those who want protections for keeping their job or avoiding criminal charges must follow these rules: The whistleblower must have good reason to suspect the fraud. The whistleblower must take steps to report the fraud to the authorities. The whistleblower must refuse to join the fraud. The whistleblower must testify against the fraudsters. Cases involving the government can involve additional penalties. If you suspect fraud then follow these steps: Collect all the relevant information. Protect yourself and your accounts. Report the fraud to the authorities. Check for any insurance coverage against fraud. Fraud is often found by internal employees so beware of the activities of others. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.