Thread regarding Oracle Corp. layoffs

SEC Whistleblower Program

If anyone believes they have information related to Oracle's potential violations of securities laws you can submit your information to the Securities and Exchange Commissions Whistleblower Program. One common violation the SEC enforces is when a companies and individuals MISREPRESENT OR OMIT important information about securities. In Oracle's case, one could argue that artificially inflating cloud revenues, in order to push their stock price up, might fall into that category. Below is information about the SEC from their website. Good luck to the courageous ones!

The U.S. Securities and Exchange Commission (SEC) whistleblower program went into effect on July 21, 2010, when the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The same law also established a whistleblower incentive program at the Commodity Futures Trading Commission to incentivize reporting of violations of the Commodity Exchange Act, which is run by former senior SEC enforcement attorney[1] Christopher C. Ehrman.[2][3] The SEC Whistleblower Program rewards people who submit tips related to violations of the federal securities laws.[4] The program offers robust employment protections, monetary awards and the ability to report anonymously.[5] SEC whistleblowers are entitled to awards ranging from 10 to 30 percent of the monetary sanctions collected, which are paid from a replenishing Investor Protection Fund.[6] Since 2011, whistleblower tips have enabled the SEC to recovery $1 billion in financial penalties from wrongdoers.[7] The SEC has awarded more than $300 million to whistleblowers.[8] The largest SEC whistleblower awards to date are $50 million, $39 million, $37 million, $33 million and $30 million.[9]

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| 1682 views | | 6 replies (last August 28, 2019) | Reply
Post ID: @OP+10ziePTP

6 replies (most recent on top)

Don’t forget planned software upgrades which are buggy. Even though bugs have been fixed they are put into patch sets. So you cannot download a new version of anything without having to jump through hoops to patch it to fix it. Oracle plans their software releases with failures.
This is to ensure the support revenue stream.
Bad engineering, bad software, bad customer relations

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Post ID: @cfht+10ziePTP

they won't be untouchable for long

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Post ID: @8fmt+10ziePTP

LE and his gang are untouchable

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Post ID: @6ute+10ziePTP

Off to jail with these crooks

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Post ID: @5lys+10ziePTP

time to speak up and hold people accountable!

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Post ID: @4dld+10ziePTP

The interest of these guys is broad; books & records misrepresentation, improper controls, bribery, side funds stored in the channel, channel stuffing, side letters, concessions, misclasification of revenue, improper revenue recognition practices.... anyone working/worked for Oracle and that is not sleep, corrupt himself or deaf/dumb/blind has many examples of the previous.

Oracle already was charged by the SEC in 2012 for things that, in a quiet week, I see a couple of days per week, these days, in EMEA.

https://www.sec.gov/news/press-release/2012-2012-158htm

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Post ID: @4pew+10ziePTP

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