What do you think the chances of this catching on are? From the New York Post:
Wanna get rich? Snitch.
That’s the new money-making mantra for folks with access to confidential information on Wall Street.
With the release of Oliver Stone’s new movie, “Wall Street: Money Never Sleeps” in mind, Stuart Meissner, a securities lawyer based in Midtown, is tweaking a message made famous by the first “Wall Street”: that greed is good for people standing on the right side of the law, too.
Uncle Sam recently started offering rich bounties to folks who help put away bad guys — like Gordon Gekko, the central character of Stone’s film, played by Michael Douglas, who goes to jail for insider trading.
Meissner came up with the idea to advertise for snitches who know of illegal activity at their firm. His in-theater ads and fliers will recruit whistleblowers with the promise of riches to come.
“Having the ad right there with the movie reminds people who have information regarding securities violations, ‘Hey, I can make money and also do a good thing,’ ” said Meissner, who previously worked with the financial crimes unit of the New York State Attorney General’s Office.
The ads, which are set to music similar to the theme from “Law & Order,” tell moviegoers they can remain anonymous with their tips if they go through a lawyer. They also direct viewers to Meissner’s Web site at SECSnitch.com.
A preview will be shown today at the Ziegfeld theater in Midtown, and the movie opens nationally on Friday.
Snitches gained this new respect in July, when as part of the massive financial reform bill, Congress passed the so-called whistleblower law, which promises up to 30 percent of anything the Securities and Exchange Commission collects over $1 million for tips on corporate wrongdoing that lead to a financial penalty…
[continues in the New York Post]
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