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A comment on How the Rich Reap Huge Tax Breaks From Private Nonprofits. Parent comment

Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by mycologos on Sunday July 30, 2023 @08:34AM (#36930543)
Cool! It looks like the SEC whistleblower program has more generous terms than 1% [1]:

> The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action in which over $1,000,000 in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.

Submitting a tip appears to be pretty simple, too. If you want anonymity you'll need to go through a lawyer, but other than that, it's just a web form [2]?

[1] https://www.sec.gov/whistleblower

[2] https://tcr.sec.gov/TcrExternalWeb/faces/pages/intake.jspx

[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by JKCalhoun on Sunday July 30, 2023 @09:45AM (#36931088)
> If you want anonymity you'll need to go through a lawyer

Sounds like a business opportunity then — the company just needs a lawyer on staff. Whistleblower fields the company with a tip, company splits the SEC reward with the whistleblower, maintains anonymity.

[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by seanp2k2 on Sunday July 30, 2023 @09:50AM (#36931135)
Sadly this is the type of bounty hunting that seems quite likely to get a bounty placed on one’s own head. Making a career out of angering the rich and powerful by going after their money isn’t likely to end well.
[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by almost_usual on Sunday July 30, 2023 @10:21AM (#36931400)
You’ve got it backwards, the rich should fear the masses. There’s a reason Leland Stanford moved to Palo Alto.
[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by laserlight on Sunday July 30, 2023 @12:05PM (#36932645)
> the rich should fear the masses

Only if the masses could coordinate, which doesn't happen easily.

[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by dredmorbius on Sunday July 30, 2023 @10:47PM (#36938274)
Mob emergence is another hazard, and requires little coordination.
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Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by dredmorbius on Sunday July 30, 2023 @06:25PM (#36936627)
What's that reason, for those presently unenlightened?
[ Parent | on HN ]
Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by almost_usual on Sunday July 30, 2023 @08:52PM (#36937716)
He wasn’t making many friends and his home in Nob Hill was easy to find.
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Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits by elteto on Sunday July 30, 2023 @10:01AM (#36931212)
Ideas are cheap, execution is all that matters.
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