Securities Fraud Whistleblower Reward

Securities Fraud, Commodities Fraud, and Investment Fraud Can Be The Basis of Large Whistleblower Reward Bounty Actions by Securities Fraud Whistleblower Reward Lawyer and Investment Fraud Bounty Action Lawyer Jason S. Coomer

The Federal Government has enacted new Bounty Action Whistleblower Reward laws that offer large financial rewards to individuals and businesses that properly expose securities fraud and other forms of investment fraud.  These new Bounty Action Whistleblower Reward laws allow professionals to expose fraud through an attorney while protecting their identity and seeking a financial reward.  These laws are first to file laws and require original information or specialized information, but do offer large financial rewards 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 Securities Fraud Whistleblower Reward Lawyer and Investment Fraud Bounty Action Lawyer, Jason S. Coomer via e-mail message. or use our Submission Form.

Securities Fraud Whistleblower Reward: Investment chart displayed on laptop.

Bounty Actions Can Be Used to Expose Securities Fraud, Commodities Fraud, and other Forms of Investment Fraud

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.

As a SEC Bounty Action Whistleblower Reward Lawyer and CFTC Bounty Action Whistleblower Lawyer, Jason Coomer works with CFTC whistleblowers and SEC whistleblowers to confidentially gather information regarding several different types of financial fraud and investment fraud can be the basis for these bounty actions. For more information on SEC Whistleblower Reward Bounty Actions and CFTC Whistleblower Reward Bounty Actions, please feel to go to the following web pages:

Foreign Corrupt Practices Act Whistleblowers

The Foreign Corrupt Practices Act and the new SEC Whistleblower Incentive Program work together to reward whistleblowers with original and specialized knowledge and evidence of international business corporate bribery and illegal kickbacks. These new international business whistleblower reward laws are part of a worldwide movement to expose and punish government corruption such as contract bribes, illegal kickbacks, and large scale international fraud. These Foreign Corrupt Practices Act should help prevent government corruption in many countries including Russia, China , Mexico, and Brazil.

Employee Whistleblower Recovery Lawyer, Employee Whistleblower Recovery False Claims Act Lawyer, Employee Whistleblower IRS Reward Lawyer, Employee Whistleblower SEC Bounty Action Lawyer, and Employee Whistleblower Recovery CFTC Lawyer (Qui Tam Award & Employee Whistleblower Recovery Lawsuit Information)

Employee whistleblower recovery laws in the United States have been recently passed and strengthened to encourage employees with specialized knowledge of fraud to blow the whistle on significant fraud. These employee whistleblower recovery laws provide strong whistleblower protections and large economic incentives to employee whistleblowers. For more information on Employee Whistleblower Laws, please go to the following web page, Employee Whistleblower Award & Recovery Lawsuits.

Qui Tam Actions and Bounty Actions Create Economic Incentives through Whistleblower Recovery Law that are Extremely Effective in Exposing and Preventing Fraud Against the Government as well as other Unlawful Conduct

Offering large financial awards and economic incentives to persons with knowledge of crimes and criminals including offering whistleblower rewards and whistleblower bounties have been an extremely effective method of identifying unlawful conduct, crimes, and criminals. When the government offers the economic reward to private citizens for exposing fraud against the government, such actions are called “qui tam actions”. In these actions, the plaintiff is suing on their own behalf as well for the government and taxpayers.

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 frauds 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 Medicare fraud, Medicaid fraud, defense contractor fraud, investment fraud, foreign business fraud, tax fraud, or significant fraud that has 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.

For more information on whistleblower reward lawsuits, please go to the following web page on Whistleblower Recovery Lawsuits

History of Whistleblowers Lawsuits, Government Fraud Lawsuits, and Qui Tam Lawsuits

Governments have long had trouble with unscrupulous government contractors defrauding the government by providing defective goods, over billing services, and seeking payment for goods and services never provided. The solution that many governments have created is to set up economic incentives for whistleblowers with inside information of fraudulent government contracts to blow the whistle on government contractors that are committing fraud.

Qui tam actions were used in the 13th century England as a way to enforce the King’s laws. These actions have existed in the United States since colonial times, and were embraced by the first U.S. Congress as a way to enforce the laws when the new federal government had virtually no law enforcement officers.

During the Civil War, corrupt military contractors were defrauding the United States Army out of hundreds of thousands of dollars and putting troops at risk by supplying troops with defective products and faulty war equipment. Illegal price gouging was a common practice and the armed forces of the United States suffered. In response, Abraham Lincoln enacted the Federal Civil False Claims Act. A key provision of the act was known as qui tam.

This Act was weakened in 1943 during World War II while the government rushed to sign large military procurement contracts. However, it was strengthened again in 1986 after a long period of and increase in military spending as well as many stories of defense contractor price gouging and government waste.

Qui Tam Whistleblower Reward Lawsuits and Whistleblower Reward Lawsuits from Medicare Whistleblower Reward Lawyer, Medicaid Whistleblower Reward False Claims Act Lawyer, Defense Contractor Fraud Whistleblower Reward Lawyer, Whistleblower Reward SEC Bounty Action Lawyer, and Whistleblower Reward CFTC Lawyer

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 approximately $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.

Qui Tam Whistleblower Reward Lawsuits and Bounty Action Whistleblower Reward Lawsuits by Qui Tam Whistleblower Reward Lawyer, Federal False Claims Act Lawyer, and Bounty Action Whistleblower Reward Lawyer

Through Qui Tam Whistleblower Reward Lawsuits billions of dollars have recovered from fraudulent government contractors that have stolen large amounts of money from the government and taxpayers. It is extremely important that Whistleblowers continue to expose fraudulent billing practices and corruption that cost billions of dollars.

If you are aware of a large government contractor that is defrauding the United States Government out of millions or billions of dollars, contact Qui Tam Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Qui Tam Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Jason Coomer. As a Texas Whistle Blower Lawyer, he works with other powerful qui tam lawyers that handle large Government Fraud cases. He works with San Antonio Whistleblower Lawyers, Dallas Whistleblower Lawyers, Houston Government Fraud Lawyers, and other Texas Whistleblower Lawyers as well as with Whistleblower Lawyers throughout the nation to blow the whistle on fraud that hurts the United States and taxpayers.