$2.2 Billion Dollars Claimed By Whistleblowers
May 2nd, 2012 tmccoy
https://s3.amazonaws.com/lvs-yourlawyer/122-yourlawyer-falkowitz-whistleblower.mp4
We’ve all heard stories of companies committing fraud and bribery to cover-up their wrongdoings so that others would never know. Whether it’s paying off someone to lie about something they knew about or covering it up after they found out, we’ve all seen the whistle blown on a company.
Whistleblower is a term used for a person who willing comes forward in public and states that an individual, company, or organization is doing something wrong and they willfully do so. This person will bring evidence showing how this company or entity has defrauded not only the public, but the federal government.
Shady practices, incompetence, or outright illegality are all things that these institutions have a vested interest in keeping under wraps, even though dozens or hundreds of people in the institutions may have knowledge of them. What’s interesting to note is that whistleblowers actually get paid for telling on these wrongdoers. Because of their testimony, whistleblowers earn a percentage of what the government charges against the company when brought forward. By law, they’re entitled to up to 30% of the money recovered during the suit. In the last 20 years alone, more than $14 billion dollars has been paid out by fraudulent people and companies to the government. And to the whistleblowers? They got to pocket a cool $2.2 billion of that money for their part in bringing a shady company to the public forefront. Watch this video now to learn more.
To learn more about whistleblowers, I encourage you to watch the video above and to explore our educational website. If you have legal questions, I want you to call me at (800) 800-9797. I welcome your call.
