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Whistlerblowers Rake In The Dough: $3.3 Billion Dollars Recovered

Whistleblowers may end up with no friends in the long run, but they sure have helped out the U.S. government and themselves in the process. Their tips have lead to the Justice Department’s recovery of $3.3 billion dollars in frauds against the government this year. That’s a record high in fraud recoveries.    The whistleblowers themselves end up better as well, with massive rewards for their cooperation.  One man hauled in over $100 million dollars after reporting illegal transactions by the bank he was working with.

Under a law that covers fraud against the government, the False Claims Act, claims made by the whistleblowers are examined. The False Claims Act lets private citizens file lawsuits on the government’s behalf under one of its provisions.

Read Original Article At Techyville

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