News
May 13, 2014
May 13, 2014 — The U.S. Foreign Corrupt Practices Act (FCPA) helps to foster a level playing field for international businesses so that honest competition can thrive. To discourage corporations from bribing foreign government officials with gifts and travel as a way to obtain business, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 established a whistleblower program....
May 12, 2014
May 12, 2014 — Insiders with drug companies often come into possession of confidential insider information about the success or failure of a drug in clinical trials. But it is a crime to trade on that nonpublic information. To assist in the fight against illegal insider trading, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) of 2010 includes a whistleblower program....
May 8, 2014
May 8, 2014 — The Tax Relief and Health Care Act of 2006 put in place an IRS Whistleblower Office so tipsters with information about tax fraud could notify the IRS and be rewarded for their courage in doing so. The Act provides tipsters with between 15 to 30 percent of the amount recouped by the IRS. The rules are different for tips concerning businesses and those related to private...
May 7, 2014
May 7, 2014 — The nation’s federally funded health care programs are there to help people in need. Medicare fraud by unethical cancer treatment facilities only drives up the soaring cost of health care for everyone. The U.S. Justice Department counts on conscientious whistleblowers to notify the government about health care fraud by filing a False Claims Act lawsuit. The statute’s qui tam...
May 6, 2014
May 6, 2014 — When military contractors file false claims with the government to obtain public funds or secure the right to work on local and federal projects, this is procurement fraud. American taxpayers foot the bill for these scams. Construction subcontractors without the integrity to honor regulations governing federal programs should be held accountable. Insider employees are often the...
May 5, 2014
May 5, 2014 — It is a crime for investment advisory firms to mislead clients or potential investors. To fight illegal investment fraud, the U.S. Congress established a whistleblower program as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Tipsters who alert the Securities and Exchange Commission (SEC) to misconduct by investment advisors may be entitled to a reward for...
May 2, 2014
May 2, 2014 — Both houses of Congress are now focused on dental Medicaid fraud and the drain it places on the federal coffers. Many inside employees are in an ideal position to help, but they may be completely unaware of their power to stop billing fraud schemes against the government. When whistleblowers bring a lawsuit against unethical dental management companies under the qui tam...
May 1, 2014
May 1, 2014 — The Tax Relief and Health Care Act of 2006 established an IRS Whistleblower Office for tipsters with information about tax fraud. The Act allows informants to share a percentage of between 15 and 30 percent of the amount recouped by the IRS. To be eligible for compensation for tips regarding a private individual’s IRS violations, the tax evader’s gross income must top...
April 30, 2014
April 30, 2014 — The U.S. Foreign Corrupt Practices Act (FCPA) makes it a crime for companies to win contracts or licenses abroad by paying bribes to government officials. Such bribery schemes only serve to create an imbalance in the marketplace and to prejudice honest competitors. To redress the problem, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created a...
April 29, 2014
April 29, 2014 — The Medicare program is funded with federal tax dollars to serve our nations’ seniors. Medicare fraud by unprincipled health care workers and medical equipment suppliers only drives up health care costs for everyone. The U.S. Department of Justice counts on whistleblowers to notify the government about fraudulent health care schemes by filing a False Claims Act lawsuit....
