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. Whistleblower reward lawyer, Jason S. Coomer works with financial professionals and sophisticated investors to expose financial fraud. If you are a person with special knowledge of significant fraud and corrupt practices, please feel free to contact Financial Fraud Whistleblower Reward Lawyer Jason Coomer via e-mail message or use our submission form.
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:
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.
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
Through Whistleblower Reward Lawsuits billions of dollars have recovered from fraudulent businesses that have stolen large amounts of money. 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 business that is committing financial fraud, please feel free to confidentially contact Bounty Action Whistleblower Reward Lawyer Jason Coomer. As a financial fraud whistleblower lawyer, he commonly works with other powerful whistleblower lawyers throughout the nation to blow the whistle on fraud.