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Whistleblowing if Member/Candidate is Falsely accused?

Suppose a member/candidate is falsely accused of breaking the law and they have proof that their employer is responsible.
Would it be a violation if member blew the whistle on their employer in that situation?
The code and standards says whistleblowing for personal gain is prohibited.  In that situation, personal gain means not going to jail.

I’m sure the board will rule in your favor

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Not going to jail when you are innocent is not a personal gain, and members have a responsibility to correct and/or report illegal activities by their employer.

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The code and standards says whistleblowing for personal gain is prohibited.  In that situation, personal gain means not going to jail.
What kind of logic is this?  Clearly, personal gain here means something like promotion, monetary compensation type of deal.
Not to jail is not a personal GAIN!  No wonder they need to teach ethics, where’s the common sense?

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