TARP Financial Fraud Lawsuits, Theft of Government Funds, and Bail Out Lawsuits (Texas Whistleblower Lawyer)
Whistleblower Law Suits or Qui Tam Lawsuits, allow whistleblowers to seek compensation on the government's behalf from companies and people that have defrauded taxpayers out of government money. Texas Whistleblower Lawyer Jason Coomer helps whistleblowers determine if they may have a viable Qui Tam Lawsuit and blow the whistle on people that are stealing from the government.
If you are aware of Bail Out Fraud, Financial Fraud, or other government fraud and are a government employee or other person with special knowledge of fraud and want to be a whistle blower and an American Hero, feel free to contact Bail Out Whistleblower and TARP Financial Fraud Lawyer Jason Coomer via e-mail message or our submission form about a potential whistleblower lawsuit, health care fraud lawsuit, TARP fraud, or qui tam lawsuit.
TARP Fraud Lawsuits, Bail Out Fraud Lawsuits, and Qui Tam Lawsuits
The Troubled Asset Relief Program (TARP) is a $700 Billion Bail Out of the troubled United States Banking and Credit System. It was designed to unfreeze the credit market and enable the government to purchase residential and commercial mortgage assets, including whole loans and securities. Unfortunately, after it was announced numerous Corporate interests began scheming on how to get as much of the Bail Out money as possible and use the money not for its intended purpose, but to enrich the corporations, shareholders, and CEOs that were able to get a portion of the money.
If you are aware of a corporation, CEO, or individual that has fraudulently obtained Bail Out money or intentionally used this money contrary to its intended purpose, there may be a viable Qui Tam Claim that would allow you not only to recoup government money for U.S. taxpayers, but also collect a portion of that money for yourself.
Other Bail Out Fraud Lawsuits and Qui Tam Lawsuits
The Bail Outs of AIG, Fannie Mae, and Freddie Mac also may lead to potential qui tam claims as approximately $300 Billion in government funds are being used to save these private and quasi public entities. The federal takeover of Fannie Mae and Freddie Mac places a conservatorship on government sponsored enterprises Fannie Mae and Freddie Mac by the US Treasury in September 2008.
American International Group, Inc. (AIG) has also been the recipient of a large government bail out. Like the TARP money, the AIG bail out needs to used for its intended purpose and not to enrich the wealth of a few that find ways to steal bail out money for themselves. Whether you are for or against these large bail outs, we would all agree that it is important that none of this money be fraudulently taken and used to enrich a few individuals.
Economic Incentives for Whistleblowers Lawsuits, Government Fraud Lawsuits, and Qui Tam Lawsuits
When a government imposes a penalty, for the doing or not doing an act, and gives that penalty in part to whistleblowers that will sue for the same, and the other part of the recovery goes to the government, and makes it recoverable by action, such actions are called "qui tam actions", the plaintiff is suing on their own behalf as well for the government and taxpayers.
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 personal ill will or the hope of gain.
The strong public policy behind creating an economic gain 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 fraud that has been committed. Congress has made it clear that creating this economic incentive 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 provisions of the False Claims Act is to set up incentives to supplement government regulation and enforcement by encouraging whistleblowers with specialized knowledge of fraud going on in the government to blow the whistle on the crime.
The whistleblower's share of recovery is a maximum of 30 percent and the government's prior knowledge of fraud now does not necessarily bar a whistleblower from collecting lost revenue. If the government takes over the lawsuit, the relator can "continue as a party to the action." The defendant is also required to pay for the relator's attorney fees. The whistleblower is also protected from retaliatory actions by his or her employer. As a result a 1986 amendment to the False Claims Act, qui tam lawsuits have increased dramatically. Though the amendment was first made for corrupt defense contractors, the amendment has uncovered billions of dollars in health care fraud and will probably apply to fraudulently obtained TARP and Bail Out Funds.
Texas Whistleblower Lawyers and Government Fraud
(Qui Tam Lawyers & Relator Claims)
Through Whistleblower Lawsuits, Qui Tam Lawsuits, and other Government Fraud Lawsuits, hundreds of billions of dollars have been 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 Texas Whistleblower and Government Fraud Lawyer Jason Coomer. As a Texas Bail Out Whistle Blower Lawyer, he works with other powerful qui tam lawyers that handle large Government Fraud cases. He works with San Antonio Financial Fraud Whistleblower Lawyers, Washington Financial Fraud Whistleblower Lawyers, New York Financial Fraud Lawyers, Wall Street Financial Fraud Lawyers, and other Financial Fraud Whistleblower Lawyers as well as with Whistleblower Lawyers throughout the World to blow the whistle on fraud that hurts the United States and taxpayers.
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