Fraud complaints rose in 2013, as did instances of whistleblower retaliation, according to the 2014 Corporate Governance and Compliance Hotline Benchmarking Report prepared by The Network, a provider of risk and compliance solutions for companies. The report found that between 2012 and 2013, complaints of fraud (as a percentage of total complaints) rose to 26.31 percent, marking an all-time high since the Index was first created in 2005. This could be viewed in one of two ways: on the one hand, it could be bad news, reflecting that fraud is occurring more frequently; on the other hand, it could be good news, reflecting workers have less fear of reporting fraud at their workplace. Another good news/bad news finding of the report was the number of reported incidents of retaliation. On the one hand, the bad news is that retaliation reports were up approximately 15 percent since 2012; on the other hand, the good news is that they were up from 1.9 to 2.2 percent of total reports, meaning that employees reported suffering retaliation after approximately 1 in 50 internal complaints. While we’d certainly like to see this number lower, it remains significantly lower than its 2011 high of 2.9 percent.
If you have been retaliated against for reporting wrongdoing at your job, contact the experienced whistleblower attorneys at Katz, Marshall & Banks. Your communications with us are confidential, and without charge or further obligation.