In this article, we attempt to separate myth from reality by reviewing research results pertinent to two questions: are whistle-blowers really crackpots and do most of them suffer retaliation following their actions ? Because scholars interested in these questions have come from several different fields, and because integration is lacking among their perspectives, myth is often perpetuated We try to ameliorate this situation by exploring the phenomenon from a broad interdisciplinary perspective and by reviewing the findings of recent empirical work in the area. Providing a realistic view of the problem is critical at this juncture, as organizations struggle to find mechanisms to deal with whistle-blowers and as legislators attempt to find policies to encourage whistle-blowing, in order to control illegal organizational behavior.