Blackballing Whistleblowers

Our society likes to romanticize people who take on the establishment…and win.  But, the reality is that being a whistle-blower is very risky as this article from huffingtonpost shows.

JPMorgan Chase Whistleblower: ‘Essentially Suicide’ To Stand Up To Bank

Posted: 05/07/2012 6:41 pm Updated: 05/08/2012 12:00 am

Linda Almonte

Linda Almonte has filed a whistleblower claim after exposing what she calls fraud at JPMorgan Chase.

When Linda Almonte alerted her boss at JPMorgan Chase about potential fraud in a major deal she was helping to close, she expected him to applaud her great catch.

Instead, he fired her.

“We went down fast,” said Almonte, 41, about her family. She had been making $100,000 a year as a division vice president at Chase, enough to support her stay-at-home husband, their four kids, ages 12 to 22, and rent a three-bedroom house in San Antonio, Texas.

Her move at Chase amounted to “essentially suicide,” Almonte told The Huffington Post. No bank in town would hire her after word spread that she had stood up to the banking giant, she said. After more than a year of fruitless job hunting, Almonte and her family left town, landing at a hotel near Disney World, paying $300 a week for a two-bedroom with a kitchenette…

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