Whistleblower Reward Laws and Bounty Actions Offer Large Financial Rewards and Whistleblower Protections to Whistleblowers that Properly Expose Fraud and Corruption by Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Jason S. Coomer
The Federal Government and several states have enacted Whistleblower laws that offer large financial rewards to individuals and businesses that properly expose fraud and government corruption. Included in many of these laws are whistleblower protections that in some cases allow whistleblowers to anonymously report fraud and corruption through a lawyer, in other cases there are strong protections against retaliation that provide legal recourse against employers that wrongfully terminate whistleblowers for exposing fraud.
Many of these Whistleblower Reward laws and Bounty Action laws are first to file laws that offer large financial rewards only to the first whistleblower that properly exposes the fraud and corruption. The first step for many professionals that want to expose fraud and corruption is to have a lawyer confidentially review their potential case and provide advice as to which laws may apply and the strength of their potential case.
For more information on this area of law, please review the Whistleblower Reward Lawsuit and Bounty Action Information on this web site or please feel free to contact Whistleblower Reward Lawyer and Bounty Action Lawyer, Jason S. Coomer via e-mail message. or use our Submission Form.
Whistleblower Reward Lawsuits and Bounty Action Whistleblower Reward Lawsuits Have Resulted in Billions of Dollars in Rewards for Whistleblowers and in Larger Recoveries for the Federal and State Governments
Through Whistleblower Reward Lawsuits and Bounty Actions billions of dollars have recovered from fraudulent government contractors that have stolen large amounts of money from the government, financial institutions that have committed securities fraud, and corrupt multinational corporations that have violated the Foreign Corrupt Practices Act. It is extremely important that Whistleblowers continue to expose fraud and corruption.
Under Federal law, whistleblower recoveries can come through four different whistleblower recovery laws. Federal False Claims Act is the oldest of the laws and under this law the Federal Government has brought in over $30 Billion. Under this law successful whistleblowers have been awarded over $3 Billion and these whistleblower rewards are expected to continue to expand as many states are enacting their own false claims act laws. The Federal False Claims Act was recently amended by the Federal Enforcement and Recovery Act (FERA) including expanding the reach of the Federal False Claims Act to include subcontractors working under a government contractor and other parties working with government contractors. The Federal False Claims Act was also expanded protection for employee whistleblowers. States have also been encouraged through economic incentives to enact their own Medicaid False Claims Act whistleblower recovery laws. These state whistleblower recovery laws must be at least as strong as the Federal False Claims Act whistleblower reward laws for the state to receive the increased economic benefits from the Federal Medicaid Fraud Recovery Program.
With the success of the Federal False Claims Act and several state false claims act, the United States has enacted new Bounty Action Laws to expose investment fraud, commodities fraud, and securities fraud. These Bounty Action Whistleblower Reward Laws are section 21F of the Securities Exchange Act (SEC Whistleblower Bounty Actions), and section 23 of the Commodity Exchange Act (CFTC Whisteblower Bounty Actions). These laws were passed in the wake of Financial Market Melt Down in 2008 and in response to massive fraud in the financial markets. These whistleblower recovery laws are designed to encourage people with specialized knowledge of significant investment fraud, securities fraud, SEC violations, commodity futures fraud, violations of the foreign corrupt practices act, and other financial fraud. These whistleblower reward laws were designed to protect whistleblowers that step up and blow the whistle on financial fraud. The laws have the added protection of allowing whistleblowers to anonymously expose fraud and collect a reward through a lawyer.
Whistleblower Protection Laws
Whistleblower protection laws serve to prevent an employer from engaging in retaliatory conduct (making disparaging and defamatory comments, demoting whistleblowers, casting whistleblowers as troublemakers, suspending suspected whistleblowers, reducing or cutting pay, transferring the whistleblower, denying the whistleblower promotions, denying the whistleblower benefits, terminating the whistleblower on false charges, unlawfully releasing personal information about the whistleblower, isolating the whistleblower from other employees or information, and threatening the whistleblower) against an individual that has blown the whistle on fraudulent conduct and unlawful conduct including False Claims Act Lawsuits.
There are a variety of types of whistleblower protection statutes that may apply to a particular whistleblower action. The main goal of these statutes is to offer protection to heroes and whistleblowers that are strong and brave enough to stand up to corporations and senior executives that are fraudulently stealing from the United States government, state government, or local governments or intentionally violating health and safety laws.
Whistleblower Reward Lawsuits And Bounty Actions Are The Most Effective Method for Identifying and Preventing Fraud and Corruption
Whistleblower Reward Lawsuits and Bounty Actions are the most effective method for identifying and preventing large scale fraud against the government, in financial markets, and in large corporations. Recent changes in these laws have been enacted to provide increased potential financial rewards for whistleblowers as well as stronger whistleblower protections to protect persons with original knowledge of significant fraud. By offering large financial awards and economic incentives to persons with knowledge of fraud and corruption, the Federal Government has been able to collect tens of billions of dollars from fraudulent corporations and has paid billions of dollars in whistleblower rewards and bounties.
The qui tam provisions of the False Claims Act are based on the theory that one of the least expensive and most effective means of preventing fraud on taxpayers and the government is to make the perpetrators of government fraud liable to actions by private persons acting under the strong stimulus of economic benefit as well as patriotic duty, personal ill will, and/or strong personal ethics. The strong public policy behind creating an financial reward for whistleblowers is that the government would be significantly less likely to learn of the allegations of fraud, but for persons in certain positions with specialized knowledge of health care fraud, Medicare fraud, Medicaid fraud, government contractor fraud, securities fraud, defense contractor fraud, investment fraud, foreign business fraud, tax fraud, or other forms of government fraud that have been committed. Congress has made it clear that creating these financial incentives is beneficial not only for the government, taxpayers, and the realtor, but is an efficient method of regulating government to prevent fraud and fraudulent schemes.
The central purpose of the qui tam whistleblower reward provisions of the False Claims Act as well as the IRS whistleblower reward, SEC whistleblower reward, and CFTC whistleblower reward bounty actions is to set up incentives to supplement government regulation and enforcement by encouraging whistleblowers with specialized knowledge of significant fraudulent schemes against the government and the public to blow the whistle on the fraudulent and criminal acts.
The more recent enactment of the financial fraud whistleblower reward laws are response to large scale fraud that almost collapsed the world financial markets. These new bounty actions work under the same premise as extremely successful qui tam whisleblower reward laws. By encouraging private citizens with specialized knowledge of financial fraud, the government is seeking to deter investment fraud, securities fraud, SEC violations, retirement fund fraud, corporate malfeasance, violations of the foreign corrupt practices act, and other forms of financial fraud by offering rewards or bounties to persons that properly expose this fraud.
Whistleblower reward lawyer, Jason S. Coomer works with health care fraud whistleblowers, government contractor and procurement fraud whistleblowers, securities and investment fraud whistleblowers, and FCPA whistleblowers to expose corrupt practices and claim whistleblower rewards. If you are a person with special knowledge of significant fraud and corrupt practices, please feel free to contact Whistleblower Reward Lawyer, Jason S. Coomer via e-mail message. or use our Submission Form.
Whistleblower Reward Lawyers and Bounty Action Lawyers Work with Whistleblowers Throughout the United States and Around the World to Expose Fraud and Corruption
If you are aware of a large government contractor that is defrauding the United States Government out of millions or billions of dollars, contact please feel free to contact Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Jason S. Coomer via e-mail message. As a Whistleblower Reward Lawyer and Bounty Action Lawyer, he works with other powerful whistleblower reward lawyers throughout the United States and the World to expose large government fraud and corruptions cases.