‘Qui Tam Whistleblower’ Category

August 22, 2014 August 22, 2014 — Informants help our government fight fraud by government contractors who engage in False Claims Act violations. By filing a whistleblower lawsuit on the government’s behalf, conscientious tipsters help to apprehend unscrupulous federal contractors. To reward insiders willing to come forward, the qui tam provisions of the statute allow whistleblowers to keep a share of the...

August 14, 2014 August 13, 2014 — The federal and state governments do not have the resources to uncover every fraudulent scheme devised by unscrupulous government contractors. But inside employees, like those who blow the whistle in many False Claims Act lawsuits, frequently are the first to learn about False Claims Act violations. Under the qui tam provisions of the federal statute, tipsters who notify the...

August 11, 2014 August 11, 2014 — The FCPA is an effective tool for preventing multinational corporations from unfairly positioning themselves abroad by making bribe payments to foreign government officials or their family members. To tackle the problem of foreign bribery, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 provides for substantive financial rewards to informants who blow the...

August 8, 2014 August 8, 2014 — Companies that attempt to cheat taxpayer-funded programs created to help American businesses in the global marketplace risk suffering retribution under the False Claims Act. Under the qui tam provisions of the federal statute, insiders who collaborate with the government by filing a whistleblower lawsuit are eligible for a significant portion of the government’s...

August 6, 2014 August 6, 2014 — The Tax Relief and Health Care Act of 2006 established an IRS Whistleblower Office so whistleblowers with information about tax fraud could notify the IRS and receive compensation. The Act allows informants to receive a percentage of 15 to 30 percent of the funds recouped by the IRS. To qualify for compensation concerning an individual’s IRS violations, the tax evader’s...

July 30, 2014 July 30, 2014 — The IRS whistleblower office was established in The Tax Relief and Health Care Act of 2006 to encourage tipsters with information about tax fraud to notify the government. The Act allows informants to receive a percentage of 15 to 30 percent of the funds the IRS recovers based on a whistleblower’s unique information. To receive compensation concerning a private...

July 28, 2014 July 28, 2014 — Short selling regulations like rule 105 exist to protect the marketplace from manipulative trading activity. Traders are not permitted to short sell equity shares during a restricted period of time ahead of a public offering. To discourage short selling violations, and other violations in the financial sector, the U.S. Congress established a whistleblower program as part of the...

July 25, 2014 July 25, 2014 — The U.S. government encourages informants to help combat government contractors’ fraudulent billings by bringing a False Claims Act lawsuit. Without conscientious whistleblowers, the government cannot possibly apprehend all of the unscrupulous federal contractors willing to file false claims against the government. To reward tipsters willing to come forward, the qui tam...

July 23, 2014 July 23, 2014 — The Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”), enacted after the savings and loan crisis of the 1980s, is being employed today to address misconduct in the banking industry that helped to bring about the 2008 financial crisis. In particular, FIRREA targets schemes that defraud a federally insured financial institution or that cause the...