Qui Tam Whistleblower Matters
The False Claims Act:
The Federal False Claims Act allows private citizens to sue those that commit fraud against government programs. The law provides awards to whistleblowers of a percentage of the amount recovered. The False Claims Act is the single most important tool U.S. taxpayers have to recover the billions of dollars stolen by individuals who commit fraud against the U.S. government. The most common types of activities and schemes prosecuted under the False Claims Act involve healthcare fraud, pharmaceutical fraud, defense contractor fraud, and other fraud related to contracts with the federal government.
Under the False Claims Act a successful whistleblower can receive up to 30% of a recovery.
Dodd-Frank, SEC, and CFTC Whistleblower Claims:
The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) also provides incentives and protections for whistleblowers that provide information to the U.S. Securities and Exchange Commission regarding violations of securities laws and the U.S. Commodity Futures Trading Commission regarding violations of commodities laws. Whistleblowers that report securities law violations will receive a substantial and mandatory reward if the SEC or any other government authorities recover more than $1 million based on that information. The Dodd-Frank Act establishes a similar whistleblower reward program for the CFTC. The most common types of reportable fraud under the SEC Whistleblower Program are fraudulent or unregistered sale of a security, Ponzi schemes, insider trading, and false or misleading statements about a company or its finances.
Under Dodd-Frank a successful whistleblower can receive up to 30% of a recovery.
Under the SEC a successful whistleblower can receive up to 30% of a recovery.
Under the CFTC a successful whistleblower can receive up to 30% of a recovery.
IRS Whistleblower Claims:
The IRS Whistleblower Program, enacted as part of the Tax Relief and Health Care Act of 2006, is designed to provide an incentive to private citizens to provide information to the federal government about persons or entities that have committed tax fraud. The IRS Whistleblower Program provides mandatory rewards for whistleblowers upon the successful recovery of funds from those responsible for the fraud.
Under the IRS whistleblower rules a successful whistleblower can receive up to 30% of a recovery.
At Jacobs Law Group, we offer experienced attorneys capable of analyzing the facts and the law, unearthing relevant information and navigating the whistleblower claim through the applicable statutory, regulatory or judicial process.