Lehman Brothers sacked whistleblower after he raised concerns with auditors

944AM GMT sixteen March 2010

The tellurian domicile of Lehman Brothers, New York, 2008 Photo Reuters

Matthew Lee, a former comparison vice-president of the firm"s financial division, that was in assign of the tellurian change sheet, was let go in late Jun 2008 among high waste at the firm.

Lehman pronounced at the time it had done Mr Lee surplus as piece of a broader downsizing at the firm.

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Mr Lee pronounced in inform by a failure justice investigator on the bank"s fall that he had lifted concerns about Lehman"s accountancy practices with Ernst & Young, the bank"s auditor.

On Jun 12, 2008, he sensitive E&Y about Lehman"s make use of of $50bn of accounting procedures well known as Repo 105 exchange in the second entertain of 2008, according to the examiner"s report.

Erwin Shustak, Mr Lee"s counsel in San Diego, told the Wall Street Journal "It was simpler to only close him up and let him go."

Lehman filed for failure on Sep 15, 2008, inventory some-more than $600bn of assets, a apportionment of that were sole off to Barclays.

Last week the failure justice investigator pronounced in his inform that Lehman used accounting gimmicks and had been ruined for weeks prior to it filed for failure in Sep 2008.