Stimulus Fraud Lawyer handles Whistleblower Law Cases Including Coronavirus Aid, Relief and Economic Security (CARES) Act Fraud Lawsuits by Stimulus and Bailout Fraud Whistleblower Attorney Jason S. Coomer
From the desk of Stimulus Fraud Lawyer and CARES Act Bailout Whistleblower Lawyer Jason S. Coomer: In response to the global spread of the COVID-19 (Coronavirus), the U.S. government has implemented a massive stimulus plan. The Coronavirus Aid, Relief and Economic Security (CARES) Act. Combating the unprecedented loses sustained by the economy will be at least a $2 trillion dollar economic rescue package. As such, the stimulus provides assistance to working Americans. It also provides bailout resources to several industries. When large industries receive huge government payments, the opportunity for fraud exists and often occurs. A Qui Tam whistleblower lawsuit attorney assists a person with reporting fraud and earning rewards. Jason S. Coomer is a Stimulus Fraud Lawyer and CARES Act Fraud Attorney. He represents whistleblowers and provides confidential reviews of CARES Act violation lawsuits.
If you want to report virus stimulus fraud, financial CARES Act scams, or other illegal conduct, feel free to contact Stimulus Fraud Lawyer Jason S. Coomer via e-mail message or use our online contact form to get in touch regarding a potential CARES Act fraud whistleblower lawsuit.
First of all, some helpful FAQs to explain the basics about stimulus, CARES Act and bailout fraud whistleblower lawsuits:Q1: What is the CARES Act?A1: The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed to spread stimulus and relief across the United States economy in the wake of the COVID-19 pandemic.
Q2: What is the coronavirus stimulus or bailout?A2: The coronavirus stimulus or bailout is a United States government relief package that will provide assistance to working Americans and provide financial assistance to several industries. Americans and industries can use the coronavirus stimulus relief to stay afloat during the troubled global economy.
Q3: What is a whistleblower lawsuit?A3: These Qui Tam lawsuits can help the government recover hundreds of billions of dollars that has been taken through fraud on the government.
Q4: What is the reward for a whistleblower?A4: A whistleblower reward can potentially range from 15% to 30% of the recovery made on behalf of the government. In some cases the reward paid to a whistleblower can be in the millions of dollars.
Virus Stimulus Fraud Lawyer, Bailout Whistleblower Law and CARES Act Fraud Lawsuits
Whistleblower Lawsuits or Qui Tam Lawsuits, allow whistleblowers to seek compensation on the government's behalf from companies and people who have defrauded taxpayers out of government money. Texas Stimulus Fraud Lawyer Jason S. Coomer helps whistleblowers determine if they may have a viable CARES Act fraud lawsuit. Further, he helps his clients blow the whistle on large fraudulent companies. In addition, attorney Jason S. Coomer provides legal advice to whistleblower clients regarding people who are stealing from the government. Most noteworthy, he knows how to use the Federal False Claims Act to hold companies and persons accountable for fraud that they have committed on the United States government.
Americans and industries can use the coronavirus stimulus relief to stay afloat during the troubled global economy. Unfortunately, numerous corporate interests began scheming on how to get as much of the bailout money as possible as soon as the bailouts were announced. Furthermore, some executives, CEOs and large business owners use the money not for its intended purpose, but to increase their profits. Most noteworthy, these corrupt corporations and CEOs fraudulently take funds earmarked for specific purposed.
The Three Phases of Stimulus to Address the Coronavirus Pandemic
Stimulus Phase 1
- $8.3 billion
- Additional funding for the CDC, FDA, NIH, State Department, SBA, and USAID
- $4 billion for increased coronavirus test availibilty
- $1 billion for small business loan grants
Stimulus Phase 2
- $100 billion
- Two weeks paid leave
- Funds for Medicaid and SNAP
- Unemployment benefits
- Free coronavirus tests
Stimulus Phase 3
- CARES Act - $2 Trillion
- $250 billion in payments to families
- $350 billion in small business loans
- $250 billion in expanded unemployment benefits
Healthcare Stimulus Fraud Whistleblower Lawsuits
The coronavirus has created a time where our country is in need of critical aid. The healthcare industry is front and center during the pandemic. As a result, many companies will assist the U.S. government during this time of need. Unfortunately, some bad actors will line their pockets by defrauding the federal and state governments. Healthcare fraud costs taxpayers large amounts of money. The government spends over $2 trillion annually on healthcare. This spending will increase through the coronavirus pandemic. Further, hospitals, nursing homes, pharmacies, drug compancies, and other large healthcare providers commit the majority of healthcare fraud. Most estimates suggest that healthcare fraud is over $200 billion each year and will increase dramatically during this crisis. For this reason, whistleblowers with original information of large scale fraud are needed to expose criminal who exploit the healthcare system.
If you are aware healthcare fraud, feel free to use our contact form to contact whistleblower lawyer Jason S. Coomer. He can review your potential whistleblower claim and will keep your identity private.
Financial Sector Stimulus Fraud Qui Tam Claims, the SEC and CFTC
Before the corona virus pandemic some countries were showing a slowing of the economy. As the COVID-19 spread around the world, the risk of sending countries into recession is becoming reality. Consequently, governments and central banks have began to authorize fiscal stimulus adjustments. Therefore, the U.S. Federal Reserve is making cuts to the fed fund rate and is injecting $1.5 trillion into the banking system. In addition, the fed is purchasing $500 billion in treasury bills, notes and bonds. Further, they are purchasing $200 billion in mortgage-backed securities. Other fed programs include the Primary Dealer Credit Facility (PDCF) and Money Market Mutual Fund Liquidity Facility (MMLF).
The financial industry is ripe for exploitation. Likewise, when almost $2 trillion flows through the financial sector fraud and other illegal conduct will occur. The federal government has several whistleblower reward laws that target financial stimulus fraud and other illegal conduct. More specfically, the Federal False Claims Act allows whistleblowers to expose several types of government contractor fraud. Further, the SEC and CFTC target many aspects of financial fraud, illegal conduct in the financial industry, and violations of securities and commodity regulations. A SEC or CFTC whistleblower lawyer can help a person anonymously report corrupt activities to the proper agency. If the government makes a recovery from the bad actors, the whistleblower can receive a potential cash reward.
Virus Stimulus Lawyer Discusses the Defense Production Act, Contractor Fraud, False Claims and Whistleblower Lawsuits
Doctors and nurses have said they are running out of personal protective equipment (PPE). Masks, gloves and gowns are a must have to keep healthcare workers safe. Similarly, hospitals may run low on ventilators for coronavirus patients.
As the president invokes the Defense Production Act (DPA), government contractors may assist with the shortages. The DPA is a wartime measure going back to the 1950s and the Korean war. The DPA authorizes the president to require companies to assist with government procurement in the name of national defense. The executive branch has indicated that it may use the DPA to procure medical supplies needed in response to the COVID-19 outbreak.
Most government contractors provide a great service to our country. However, some bad actors will attempt to exploit the global coronavirus crisis. If a company makes a false certification to the government to attain funds, that is fraud. At times contractors try to deceit the government with various schemes. Some examples include making incorrect cost allocations, violating the Truth-in-Negotiations Act ("TINA"), charging for services not provided, providing defective goods and product substitution.
Airline Industry Bailout Fraud Whistleblower Lawsuits
The airline industry has seen flush times in recent years. First of all, the major U.S. airlines have spent billions of dollars in questionable stock buybacks during their recent financial success. Also, the top five U.S. airlines paid their CEOs a total of almost $50 million during one calendar year alone. Now the major airlines (and supporting businesses) will receive most of the airline industry bailout money. Americans work hard to earn the money that they pay in taxes. As such, it is important that those funds do not go to waste, fraud and abuse.
Bailout recipients can only use government money for a specific purpose. The airline industry receives billions of dollars of handouts. Taxpayers deserve to know if their money is going to bad actors attempting to enrich themselves.
For more information on whistleblower lawsuits, please see Whistleblower Reward Lawyer | by Government Qui Tam Fruad Attorney, Jason S. Coomer.
Virus Stimulus Fraud Lawyer Jason S. Coomer Commonly Works with Other Lawyers, Attorneys and Law Firms
As a Texas Virus Stimulus Fraud Lawyer, Jason S. Coomer commonly works with other whistleblower lawyers throughout Texas and the United States. They commonly work on large government fraud lawsuits. For more information on whistleblower fraud lawsuits or for a review of a potential stimulus, CARES Act or bailout fraud claim, please contact Texas Virus Stimulus Fraud Lawyer, Jason S. Coomer or use our online contact form.
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