Two words: employer retaliation. Whistleblowers don’t normally report wrongdoing to the Securities Exchange Commission (SEC) or the Internal Revenue Service (IRS) for the attention. In fact, whistleblowers report misconduct because they were retaliated against in some manner such as wrongful termination, leading them to seek outside help. In addition, whistleblowers are typically only called whistleblowers if they were/are employees of the reported organization.
When an employee reports misconduct to the Securities Exchange Commission or Internal Revenue Service they risk losing their current jobs. Whistleblowers also risk losing future jobs. When everyone in the world or in your community knows who you are and that you reported misconduct to the Securities Exchange Commission or Internal Revenue Service, landing a future job or keeping a future job becomes difficult. No organization wants to be reported and possibly shut down, and if a new employee has already been a whistleblower, there’s a likelihood he or she will become one again.
However, whistleblowers are needed because they are the primary source of information of misconduct for the Securities Exchange Commission or Internal Revenue Service. To encourage more employees to step up to the plate and become whistleblowers, whistleblower protection laws and rewards have been enacted and improved. The United States government wants whistleblowers to come forth and so efforts are being made to protect whistleblowers.
If you have a qui tam claim (whistleblower/false claim), contact the Evans Law Firm, Inc. The Evans Law Firm handles qui tam litigation, employment and retaliation litigation, securities fraud whistleblower award lawsuits, and IRS tax fraud lawsuits. If you have an issue concerning any of these, contact the Evans Law Firm, Inc. for a free and confidential consultation at 415-441-8669 or via email at firstname.lastname@example.org. The Evans Law Firm also handles elder abuse cases, personal injury, insurance/banking fraud, and consumer fraud class actions.