When John Slowik, the new chief compliance officer at Olympus America Inc., discovered the company was paying bribes to win business, he reported it to his bosses. Their way of fixing the problem: they fired him.
So Slowik blew the whistle. The outcome: Tuesday Olympus agreed to pay $646 million to settle three separate cases involving illegal payments to doctors and hospitals in the U.S. and Latin America. And Slowik, who filed a so-called qui tam suit under state and federal false claim acts, was awarded $51 million for his efforts.
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