‘Qui Tam Whistleblower’ Category
March 13, 2014 March 13, 2014 — The Tax Relief and Health Care Act of 2006 established an IRS Whistleblower Office to allow tipsters with information about tax fraud to notify the IRS and receive deserved compensation. The Act provides informants with the right to rewards ranging from 15 to 30 percent of the amount recouped by the IRS as the result of a successful tip. The rules governing rewards are...
March 12, 2014 March 12, 2014 — Profiteers who dupe investors into pouring their money into glamorous-sounding investment scams should be stopped. But the government simply does not have the resources to catch them all. That’s why federal authorities collaborate with company insiders under the financial fraud whistleblower program set up by the Dodd-Frank Wall Street Reform and Consumer Protection Act of...
March 11, 2014 March 11, 2014 — People who work in the financial industry may often be tempted by confidential insider information that could be misused to turn a personal profit. But trading on nonpublic information is illegal. To redress the problem of insider trading, the U.S. Congress established a whistleblower program as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010....
March 10, 2014 March 10, 2014 — Medicaid dental fraud is a challenge for many state healthcare programs. When dental offices file fraudulent claims with Medicaid, which is funded in part by the federal government, American taxpayers are saddled with the bill. With the assistance of inside employees, however, Medicaid programs have a way to fight back. Using federal and state False Claims Act statutes,...
March 5, 2014 March 5, 2014 — Fraudulent Medicaid scams fuel the increasing costs of health care and imperil our country’s health care system. When health care providers run afoul of the federal False Claims Act by making false Medicaid claims, insider employees are often the first to know. The qui tam provisions in the False Claims Act allow tipsters to file a lawsuit for the government and receive a...
March 4, 2014 March 4, 2014 — In 2006, the Internal Revenue Service Office was established to give informants the means to notify the IRS about tax cheats, be they private individuals or large corporations. Under the Tax Relief and Health Care Act of 2006, tipsters in tax fraud cases may receive rewards of up to 30 percent of the amount the government collects. The reward is offered for information about...
March 3, 2014 March 3, 2014 — Whistleblowers can have a great impact in the fight against Medicare and Medicaid fraud. The U.S. Justice Department (DOJ) depends in particular on health care industry insiders to spot false claims before they are noticed by federal investigators. The federal False Claims Act allows informants to file a qui tam claim in court for the government’s benefit. To encourage...
February 28, 2014 February 28, 2014 — The U.S. Foreign Corrupt Practices Act (FCPA) makes it a crime for corporations to build their business abroad with illegal bribes to foreign government officials. Companies that engage in foreign bribery as a way to nail down contracts overseas create a lopsided marketplace that puts honest competitors at an unfair disadvantage. To redress the problem, the Dodd-Frank Wall...
February 27, 2014 February 27, 2014 — Dental billing fraud is a problem in many states, whether the false claims are made to federal healthcare programs like Medicaid or to private insurance companies. But when dentists make fraudulent claims to Medicaid, the American taxpayers foot the bill. With the assistance of dental care insiders, however, taxpayers have a way to fight back. Under federal and state False...
February 26, 2014 February 26, 2014 — It is a crime for management firms advising public pension funds or private individuals to defraud investors. Under the whistleblower program established in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010, informants who notify the Securities and Exchange Commission (SEC) about theft from investors may be rewarded for their courage in...
