Whistleblower
Reward Lawsuits are the most effective method for
identifying and preventing large scale fraud against the
government, in financial markets, and in large
corporations. New whistleblower reward laws have
harnessed the power of economic incentives by offering
large monetary rewards to whistleblowers that properly
report significant fraud. These whistleblower
reward laws have also increased whistleblower
protections to prevent and punish retaliation against
whistleblowers. If you are a person with special
knowledge of significant fraud, feel free to
contact
Whistleblower Reward Lawyer
Jason Coomer via
e-mail message or use our
submission form to have a whistleblower
recovery Lawyer contact you.
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.
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. The
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.
Another Federal whistleblower
recovery law is
IRS Tax Fraud Whistleblower Reward Program under
section 406 of the Internal Revenue Code.
This whistleblower recovery law includes
significant economic incentives and protections for
whistleblowers to encourage people with specialized
knowledge of significant tax fraud to step forward
and report the fraud. These protections if
used properly can protect whistleblowers from
retaliation and allow whistleblowers to recover
large amounts of money for being the first to
properly report significant tax fraud.
Two relatively new whistleblower
recovery 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.
Importantly, 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.
All of these whistleblower
recovery laws have been recently passed or
strengthened to provide additional protections and
economic incentives to whistleblowers. By
contacting a whistleblower reward lawyer, a
whistleblower can greatly increase their ability to
make a recovery under these whistleblower recovery
laws and use whistleblower protections to prevent or
punish retaliation for reporting fraud.
Government Spending and Health Care Spending Increase (Government
Fraud Costs Tax Payers Hundreds of Billions of Dollars)
Government spending in the United
States has been over Five Trillion Dollars $5,000,000,000,000
in a single year. With large Medicaid costs and
Medicare costs increasing each year, government spending is expected to
continue to increase in the future.
As this number continues to increase, the number of
fraudulent contractors, sub contractors, defense
contractors, corporations, and health care providers
committing Medicaid fraud, Medicare fraud, and other
forms of fraud
will continue to increase, unless new methods are used
to identify and prevent fraud . From a taxpayer stand point, preventing
government fraud can save hundreds of billions of
dollars and whistleblower reward lawsuits are the most
efficient and economical methods to prevent Medicare
fraud, Medicaid fraud, IRS tax fraud, defense contractor
fraud, foreign corrupt practices acts, and investment
financial fraud.
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
Through Whistleblower Lawsuits, Qui Tam
Lawsuits, and other Government Fraud
Lawsuits, hundreds of 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 unnecessary treatments 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
Whistleblower and Government Fraud 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.