David Welch, former CFO turned Sarbox whistle-blower, now has the "flag and seal of the United States" on his side in his battle with Cardinal Bankshares, his attorney says.
Marie Leone, CFO.com | US
July 7, 2006
The bank so far has said the claim is bogus and as I have follwed this case, virtually no evidence besides the CFO's claim has been submitted to date. The DOL has always been terribly biased toward employees, never wanting to be confused by the facts. The bank should have their day in court. If they lose, they lose.
Posted by Gary Cademartori | July 07, 2006 04:56 pm
The employee should be re-instated if his whistle blowing was the cause of detecting underlying accounting malfeseance by the bank in question. It's time for corporate employers to treat employees with greater respect, especially when they note practices that are inconsistent with the intent and spirit of the law--in this case the Sarbanes-Oxley Act.
Posted by David Newman | July 07, 2006 01:33 pm© CFO Publishing Corporation 2009. All rights reserved.