The SEC and The Sociopathic Business Model™ Case Study
Here’s an interesting theory that many potentially exploit at the expense of the taxpaying citizens (not to mention insulting): media and government are often thought to write stories to an eight-grade readability level. Yep, let that soak in for a minute. So is it so much of stretch that they also think we’re not bright enough to see we’re being manipulated? Again, up to each person to decide for themselves if they’re getting spun or thought of as well, dumb.
So let’s look at the latest announcement from the SEC and run it through The Sociopathic Business Model ™ and see if any of it applies.
April 7, 2014 Wall Street Journal Headline:
SEC Hands Out More to First-Ever Whistleblower
and from The Huffington Post:
SEC Whistleblower Program’s First Award Pays Out Max Amount
Wow that sounds impressive and even progressive if the SEC is doing a ‘first-ever,’ doesn’t it? Just like in the pharmaceutical industry, I’d caution that we look for key words and make sure we look for PR spin and make it unspun if necessary. As this type of language is meant to be deceptive and lack in transparency.
The Securities and Exchange Commission’s whistleblower office announced Friday that it plans to make another payout on the first-ever, whistleblower award the agency initially handed out in 2012.
That type of language would indicate the Whistleblower just won the lottery, right?
This first award was for 30% of sanctions in connection with an unnamed “multi-million dollar fraud.” At the time the award was announced, a court had ordered more than $1 million in penalties, but the agency had only collected $150,000 of that amount, meaning the whistleblower initially received nearly $50,000, the SEC said at the time.
The agency Friday announced an additional $150,000 payment to the tipster, which came after the agency collected more money in the case. Given the size of the initial amount ordered, the tipster could potentially get $100,000 or more going forward.
Wow that tipster, who likely was retaliated against, to the point they may have lost their job for the duration of the case (an estimated five to seven years) could walk away with $100,000. But wait for it….that’s before taxes and attorney’s fees. Since this tipster’s award would be under the $250,000 threshold, they’d only pay 33% in taxes (phew! what. a . break.)
Whistleblower: $67,000 and SEC (we don’t know because it was unnamed “multi-million dollar fraud)
Which of these apply to how the government treated the whistleblower?
-Manipulates-does not recognize the rights of the whistleblower
-View whistleblower as an accomplice (gaining information) who eventually becomes victim ($67,000 for five-seven year job loss)
-Pathologial lying (first-ever and another payout) is that language meant to manipulate readers?
-Parasitic (the payout is helping the SEC but is it at the expense of the whistleblower?)
-Does the victim feel hopeless? Ask yourself how you’d feel if you brought forth an injustice, lost your job, and were paid $13,400 for each of the five years it took to settle the case? (total $67,000) Did the whistleblower make more at their job than $13,400 a year prior to retaliation?
–Eric Holder often holds press conferences after recovery.
-Rarely challenged as there isn’t much information other than what is released from the SEC
Each person’s list may differ slightly but there is overwhelming evidence to support the tactics used by the government are falling in line with The Sociopathic Business Model™ as it relates to this SEC Whistleblower. And it begs the question does the SEC whistleblower not want to be known or does it benefit the government more to buy their silence for $67,000?
We’ll never know, will we?