Enron Whistleblower Finally Gets His Sweet Reward

More than 10 years later, he collects $1.1M from IRS
By Evann Gastaldo,  Newser Staff
Posted Mar 16, 2011 7:30 AM CDT
Enron Whistleblower Finally Gets His Sweet Reward: $1.1M From IRS
A logo glows in front of the new corporate headquarters of the Houston-based energy trading firm Enron November 29, 2001 in Houston, Texas.   (Getty Images)

Two years before Enron’s 2001 implosion, a whistleblower tipped off the IRS to the company’s abusive tax shelters and fictitious income. Now that whistleblower is finally getting his reward, to the tune of $1.1 million from the IRS, the Washington Post reports. He remains anonymous, but his lawyers acknowledge that he testified before the Senate Finance Committee in 2004, where he complained about his “frustrating and discouraging” interactions with the IRS. The tipster’s reward is the maximum that was allowed under law at the time he blew the whistle: 15% of the unpaid taxes that his information led the IRS to recover. (More Enron stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.