Whistle Blowing Information
Whistle Blowing has become more and more prevalent over the last few years as the government has let it be known that there are large rewards for blowing the whistle for those whistle blowers. As of recent, whistle blowing has gained more attention due to media coverage and high profile qui tam cases.
Whistle blowing lawsuits permit US citizens to prosecute on behalf of the government although the citizen has suffered no harm personally. The U.S. government has collected over twenty billion from whistle blowing since 1986. Whistleblowers have collected an average of twenty percent of government receivables. This equates to serious amounts of money for those individuals that blow the whistle. Whistle blowing is the act of turning in an individual or corporation that is breaking the law and typically stealing or cheating the government out of federal funds.
Due to the fact that most corporations are defrauding the government out of such large amounts of money the typical reward for high profile whistle blowing cases are typically in the range of millions of dollars. It is important to keep in mind that whistle blowing should not be performed solely for the monetary rewards. It is very important to remember that it is our duty as citizens to report those individuals and corporations that are stealing out of our tax dollars.
There are various types of whistle blowing cases that exist today. The most prevalent forms of whistle blowing and qui tam cases typically involve a corporation that has defraud the health care system including Medicare fraud and Medicaid fraud. Health care fraud is typically performed by pharmaceutical companies and medical supply manufacturers who find gray areas of the laws and exploit them for huge profits. Other typical whistle blowing cases include tax fraud, wartime and defense contract fraud, underpayment of royalties, fraud by brokerage firms, construction fraud, and computer supply fraud. There are also numerous other types of whistle blowing cases that are appearing each and every day.
As a whistle blower you are entitled to upwards of 30% of the recovered funds. One of the biggest concerns of whistle blowers involves protecting themselves from the corporation or individuals that they are turning in. This is obviously a big concern and most states offer some form of whistle blowing protection that will ensure the safety of whistle blowers.
If you or someone you know believes that they have a case against an individual or corporation that is committing fraud it is in your best interest to contact an attorney that specializes in this area of law so they can determine if you have a solid. There are numerous attorneys who specialize in whistle blower law including those that can be found on this website. If you seek immediate guidance for your case please visit our contact page and provide us with information about your case and how to contact you. One of our representatives will touch base with you within 24 hours to give you guidance, advice, and direction with your whistle blowing case.
The US Government loses billions of tax income annually due to some businesses incorrectly declaring their tax returns. In an effort to save income businesses may possibly resort to fraudulent transactions such as falsifying reports about the high quality of their goods and services, stealing corporate resources and other schemes that constitute accounting fraud. To address this issue, the US General Accounting Workplace began the whistle-blowing initiative in 1979 as a mechanism to combat fraud and abuse in the private and federal sector.
Given that then there had been thousands of instances that had been filed against corporations that cheat with their income tax returns, and several honest citizens have been rewarded for disclosing info about corporate crime and false practices. The government normally awards the whistle blower about 10 to 30 percent of the recovered funds, depending on the participation of the individual in resolving the case. A lot of organizations also take portion in actively campaigning against accounting and insurance fraud and informing their personnel to report immediately to any of their whistle-blowing hotlines to uncover hidden fraud.
If you know of some fraudulent activity that is happening at your workplace, keep in mind that it is your responsibility to stop the employer from continuing to be liable of any theft or fraud to its staff or from the US Government. As a witness and a whistleblower, you are entitled to rights of non-disclosure, until a lawsuit is filed. If your employer retaliates or fights back since of your whistle blowing, you can sue your employer and recover punitive damages.
To successfully report any corporate fraud or crime, contact a third-party whistle-blower hotline to report of such. Under no circumstances really should you use your company’s telephone or e-mail method to report of such – it is advised to use a diverse communication program outside your company’s network. When in doubt, you can also arrange for confidential legal counseling with an lawyer who handles whistle blowing instances to discuss your alternatives.