An individual living overseas has been awarded over $30 million by the Securities and Exchange Commission (SEC) for providing information on a difficult to detect ongoing fraud. This $30 million award is a record amount in US whistleblower awards.
Whistleblowers are the keys to discovering fraud and misconduct within institutions and by individuals. Whistleblowers that provide original information that helps the Securities and Exchange Commission or the Internal Revenue Service (IRS) detect and investigate the misconduct or fraud can receive a reward for their efforts. However, despite the good that whistleblowers do, because they are reporting misconduct within a business, they risk employer retaliation. Thankfully, there are whistleblower protection laws in place, such as allowing anonymous reporting in an attempt to protect whistleblowers. Furthermore, the Securities and Exchange Commission (SEC), as well as the Internal Revenue Service (IRS) provides whistleblower awards to whistleblowers who report original information that aids the Securities and Exchange Commission (SEC) and Internal Revenue Service (IRS) in their investigations.
Institutions found liable of misconduct or fraud are usually fined. Now, they can also be subject to criminal prosecutions, not just civil. If you have a potential whistleblower case, report it to help the US bring institutions engaging in fraud or misconduct to task.
The Evans Law Firm, Inc. handles qui tam (whistleblower/false claims) lawsuits, whistleblower award claims, Securities and Exchange Commission (SEC) and Internal Revenue Service (IRS) whistleblower cases, consumer class action fraud, banking/insurance fraud, personal injury, and elder abuse cases. If you think you have a whistleblower claim, contact the Evans Law Firm for a free and confidential consultation at 415-441-8669 or via email at firstname.lastname@example.org