Current Whistleblower Protections
Unfortunately, the US does not have a comprehensive national whistleblower protections or procedures for stepping forward against fraud. Instead, there are over fifty separate federal whistleblower protections or financial reward laws. These laws all have unique statutes of limitation and different procedures for filing claims. The laws can be confusing and sometimes contradictory, so it
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Annual SEC Report Notes $50M Paid to Whistleblowers
The Securities and Exchange Commission’s (SEC) Office of the Whistleblower issued its annual report. The report details that the government paid over $50 million in rewards to whistleblowers. Also, over the past 5 years, the SEC has paid over $160 million. They also insist that whistleblowers provided tremendous value to its enforcement efforts and directly contributed
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Santa Fe Hospital Will Pay $12.2M to Settle Whistleblower Lawsuit
St. Vincent Regional Medical Center in Santa Fe and its partner, Christus Health, agreed to pay $12.2 million to settle a whistleblower lawsuit. This involves false Medicaid payments and allegations that the hospital violated the False Claims Act. All of this was exposed because of a courageous whistleblower. Healthcare Fraud Scheme The fraud involves New
Read MoreWhistleblowers Are the Best Method to Catch Fraud
Whistleblowers are the top method for identifying waste, fraud, and abuse in government and in the private sector, according to the Association of Certified Fraud Examiners’ Global Fraud Study. The group estimates the government caught 40% of misspending due to tips from whistleblowers. This number is far larger than any other source of uncovering fraud. Global
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New Bills Pushes for More Whistleblower Protections
A new bill, S. 585, spearheaded by U.S. Representative Rod Blum will place more federal protections against the brave individuals who choose to expose illegal or unethical practices. It is an important step to ensure that the courageous people who speak out against fraud do not receive any persecution for their bravery. About the Bill
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Water Development Whistleblower Shines Light on Spending Misconduct
Whistleblowers can come from any agency. Recently, a geographic information system (GIS) manager filed a complaint against the executive director of the West Virginia Water Development Authority. People coming forward like this are necessary to expose fraud against government agencies. Fraud against Public Services The West Virginia Water Development Authority (WDA) serves as a revenue bond
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Whistleblower Settlements
Most whistleblowers come forward to do what is right. They have noticed a fraud or something morally wrong, and they want to report it. The government rewards their bravery and honesty by giving whistleblowers up to 30% of the recovered assets. This has yielded large whistleblower settlements. About the Whistleblower Statute In 1863 to combat
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