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Whistleblower Awards Work for the Benefit of All

Whistleblower laws incentivize integrity in order to efficiently ferret out fraud. Incentivized whistleblower programs forge public-private partnerships between whistleblowers, their attorneys, and the government to combat fraud. The federal False Claims Act is the most successful fraud-fighting law in U.S. history, recovering scores of billions of dollars back to the American people. Whistleblower awards and all private legal costs are paid for by the fraudsters, while the government recovers back 20 times what it spends on investigations and prosecutions. The success of the False Claims Act, the oldest incentivized whistleblower law in the United States, has spurred passage of similar laws in 29 states and the District of Columbia, as well as whistleblower-incentive programs at the Securities Exchange Commission, the Internal Revenue Service, and the Commodities Future Trading Commission. For over 25 years Taxpayers Against Fraud (TAF) and the TAF Education Fund have worked to maintain the integrity and advance the effectiveness of whistleblower reward and private enforcement provisions in federal and state laws, including the federal and state False Claims Acts and the federal tax, securities, and commodity futures trading laws. If you think you have a case, or are looking for an experienced whistleblower lawyer, see the web site of the TAF Education Fund at www.taf.org to learn more. ______________ TRANSCRIPT: Government spends billions of dollars a day providing health care, defense, transportation, education, and other services for workers, veterans, elderly, and the young. Hidden among honest providers of goods and services to these people are corporate liars, cheats and thieves. How to stop them? The answer: incentivize people to blow the whistle by bringing insider information about fraud schemes to the government. Fraudsters can then be hit with triple damages, and whistleblowers can be rewarded out of the proceeds. Taxpayers are made whole, crime is deterred, and integrity is incentivized. Whistleblowing works, and it is not a new idea. Our founding fathers saluted whistleblower incentives, and so too did Abraham Lincoln and Ronald Reagan. Billions of dollars a year are now recovered under the False Claims Act, and whistleblower programs have been embraced by more than half the states, as well as the IRS, SEC, and CFTC. Of course crooked companies hate the false claims act. The fox hates anything that keeps it out of the hen house! But blowing the whistle is not easy. Many whistleblowers get fired and many find it impossible to work in their professions ever again. Whistleblowers have to have a great deal of non-public evidence, and have to hire a lawyer who will only get paid if they win. Since thousands of hours can go into preparing a winning case, good False Claims Act attorneys only take cases they think they can win, and frivolous cases are extremely rare. The False Claims Act is now getting back more than $20 for every $1 invested in investigations and prosecutions, and many billions of dollars’ worth of fraud is now deterred every year. And can whistleblowers make millions for doing the right thing? Yes they can! In fact, that’s the idea!