Massachusetts Stiffs Putnam Whistle-Blower

For the millions of Americans who have entrusted their life savings to the mutual fund industry, Peter Scannell is the hero you may not have heard of.

He was the Putnam Investments employee in Boston who first blew the whistle on the industry market-timing scandal a few years ago. His action exposed, and helped end, a practice that was costing investors hundreds of millions of dollars.

For this, his own career in the finance industry was destroyed -- and he didn't get a dime. Scannell may have his last chance of changing that next week, when his lawyer will go before the appellate court in Massachusetts to press his claim for millions of dollars in reward money under the state's whistle-blower law. ...