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March 22, 2018 By Richard Bowen

What do Edward Snowden, Frank Serpico, Daniel Ellsberg, and Richard Bowen Have in Common?

What an honor!

A collaboration between the Society of Professional Journalists and the Government Accountability Project, The Whistleblower Project, which focuses on journalism and democracy, just announced one of their initiatives, 25 Times Whistleblowers Changed History, and I am named as one of the whistleblowers they feature.

Some of the  best known, Sherron Watkins of Enron, Daniel Ellsberg of the Pentagon Papers, Dr. Mona Hanna-Attisha of the Flint Water Crisis,  Frank Serpico, referred to as the “godfather of whistleblowers,” who exposed the widespread corruption within the NYPD, and of course Edward Snowden, and  the National Security Agency’s blanket surveillance of United States citizens exposure, are household names.

The study points out that each of the whistleblowers identified have changed history in some way with their exposing what they experienced and observed. Sherron’s disclosures helped drive the passage of the Sarbanes-Oxley Act of 2002 encompassing “sweeping financial reforms that included whistleblower protections.”

Frank Serpico, a New York Police Department (NYPD) plainclothes officer, worked with investigative journalist David Burnham of The New York Times to expose widespread corruption within the NYPD in the late 1960s and early 1970s. Serpico’s disclosures led to the formation of the Knapp Commission which ultimately revealed systemic corruption within the NYPD. 

Dr. David Graham’s disclosures resulted in Merck pulling Vioxx off the shelves and exposing the FDA’s bias in favor of pharmaceutical industry interests over health science.

Casey Rudd’s disclosures about the Department of Energy’s Hanford Nuclear Site, its safety violations, and the risk of the nuclear explosions it could lead to ended the production of plutonium at the site in 1988. And the list goes on. 

I am lauded for Blowing the Whistle on Defective Mortgages , the $90 billion of mortgages Citigroup was buying annually from Countrywide and other lenders which led to my testifying before the Securities and Exchange Commission in 2008 and the Financial Crisis Inquiry Commission in 2010. The SEC and FCIC hid my testimony, with the FCIC also forcing me to change my testimony.

That commission, led by former California Treasurer Phil Angelides, was critical of the Fed’s role and of the general attitude that the crisis was someone else’s fault. “You could’ve, should’ve and you didn’t”  clamp down on subprime lending even after Fed staffers recommended it”, Angelides told Alan Greenspan, the former Federal Reserve Board chairman.

The Whistleblower Project asks that journalists be aware that a whistleblower is taking a great risk in coming forward, and should do all that is possible to protect them. It is doing its best to inform them and the public about the insidious attempts to retaliate against whistleblowers. As those of us who have taken the risk know — if we expose wrongdoing we can face job loss, lawsuits and even prison.

One of the most extreme cases of retaliation was the prosecution of Chelsea Manning. Ms. Manning’s documents related to the war in Iraq in 2011, including video of an Apache helicopter which killed 12 civilians, including journalists — in Baghdad. Ms. Manning believed releasing the documents through WikiLeaks could “change the world for the better.”

The result was that she was found guilty of 22 counts related to the unauthorized possession and distribution of military and diplomatic documents and was sentenced to 35 years in military prison, but was acquitted on the worst charge, aiding the enemy.

Among other things, the Whistleblower Project collaboration has teamed up with several other whistleblowing and media organizations to inform journalists on how they can safely work with whistleblowers.

It’s offering the best practices for journalists to follow when working with a whistleblower on a story.

And it’s created a comprehensive case for why those who risk everything should be praised, better protected and supported, and calls for legislation to improve protection for whistleblowers.

I could go on; however, you may want to read more on your own. The stories of other whistleblowers who have helped shed light on corruption, government waste, and injustice, as well as the reporters who work with them is inspiring.

I am honored to be part of such a courageous team of people.

Related Posts

– Now We Know — The DOJ Ignored Two FCIC Citi Criminal Referrals!
– A Case Study on Enron: How to Destroy a Company!
– Does Whistleblowing Pay? New Study Says Yes!

Do Financial Regulations Actually Work Or Are We Kidding Ourselves!?
Warning Danger Ahead! Whistleblower Options Are Being Shut Down!

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Richard Bowen is widely known as the Citigroup whistleblower. As Business Chief Underwriter for Citigroup during the housing bubble financial crisis meltdown, he repeatedly warned Citi executive management and the board about fraudulent behavior within the organization. The company certified poor mortgages as quality mortgages and sold them to Fannie Mae, Freddie Mac and other investors.

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What People Are Saying About Richard M. Bowen

William D. Cohan"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst."

~ William D. Cohan, NY Times Best Selling Author
2017-06-30T10:08:59+00:00
"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst." ~ William D. Cohan, NY Times Best Selling Author
https://www.richardmbowen.com/testimonials/2556/

Eileen McDonnell"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger."

~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
2015-02-13T19:51:19+00:00
"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger." ~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
https://www.richardmbowen.com/testimonials/711/

Ben Stein"Richard Bowen, you are a star and a hero."

~ Ben Stein, Economist and Political Commentator
2015-02-13T19:50:26+00:00
"Richard Bowen, you are a star and a hero." ~ Ben Stein, Economist and Political Commentator
https://www.richardmbowen.com/testimonials/712/

Jim Farrell"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership."

~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
2014-12-28T19:48:17+00:00
"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership." ~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
https://www.richardmbowen.com/testimonials/532/

Dennis McCuistion"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years."

~ Dennis McCuistion, Host of the McCuistion TV program
2014-12-28T19:48:06+00:00
"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years." ~ Dennis McCuistion, Host of the McCuistion TV program
https://www.richardmbowen.com/testimonials/533/

Betty Garrett"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!"

~ Betty Garrett, Garrett Speakers International
2014-12-28T19:47:50+00:00
"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!" ~ Betty Garrett, Garrett Speakers International
https://www.richardmbowen.com/testimonials/531/

fred-timmons"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences."

~ Fred Timmons, Chairman of The Texas Society of CPA's
2014-12-28T19:47:22+00:00
"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences." ~ Fred Timmons, Chairman of The Texas Society of CPA's
https://www.richardmbowen.com/testimonials/530/

Presentation Topics

Playing for High Stakes: The Principles and Practice of Ethical Leadership

Dark Citi: The Story of a Whistleblower

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Now an ethical leadership speaker, Richard Bowen was Citigroup's Business Chief Underwriter during the housing bubble.

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