Whistleblower laws are one of the most important tools in combating fraud against federal, state and local governments. Whistleblower laws incentivize private citizens who step forward to report their knowledge of fraud committed by entities or individuals by providing awards of up to 30 percent of the total amount recovered by the government. Because these actions may involve millions of dollars in fraudulent claims, the reward to the whistleblower can be substantial.
Although the False Claims Act has had the most success in recovering federal government money, there are other whistleblower-incentive programs in existence such as state false claims acts, and through the Securities and Exchange Commission, Internal Revenue Service and the Commodities Future Trading Commission.
These whistleblower-incentive programs can be complex to navigate through and often require the careful attention of an attorney experienced in false claims prosecution. These programs usually involve stringent filing requirements and government involvement that require significantly more than simply placing a call to a fraud hotline. Getting the right lawyer is one of the key steps in winning a whistleblower case. The New York law firm of Dreyer Boyajian LLP is experienced in handling whistleblower actions and is currently handling several health care fraud actions involving Medicare and Medicaid.
If you know about or suspect false or fraudulent claims being submitted to the government, contact our office for a free confidential consultation with one of our attorneys.
Dodd-Frank Securities Whistleblowers:
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) added Section 21F to the Exchange Act, providing for whistleblower incentives and protections, similar to the federal False Claims Act. Under the Dodd-Frank Act, whistleblowers may receive awards for reporting original information about securities law violations to the Securities Exchange Commission. These violations include insider trading, accounting fraud, broker-dealer violations and corporate disclosure violations.
The Dodd-Frank Act also provides confidentiality for whistleblowers who report violations to the Securities Exchange Commission. Whistleblowers are permitted to remain anonymous until payment of the reward, which can range between 10 and 30 percent of the amounts collected by the SEC where its sanctions exceed $1 million. In determining the award percentage, the SEC generally considers the significance of the information, the degree of assistance provided by the whistleblower, and the extent to which the government wants to deter the violations in question.
Health Care Fraud Attorneys Handling Other Fraud Actions:
Dreyer Boyajian LLP handles other types of whistleblower claims including those that involve:
- Healthcare fraud
- Medicare fraud
- Defense contractor fraud
- Mortgage fraud
- Tax fraud
- Bank fraud
Contact Our Attorneys Now
Contact us or call us toll free at 866-292-1582 to set up an appointment with our experienced whistleblower, qui tam and False Claims Act lawyers.