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5 Reasons Why Whistleblower Tips are Important

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Page 1: 5 Reasons Why Whistleblower Tips are Important

5 Reasons Why Whistleblower Tips are ImportantWhistleblowers Play a Vital Role in the United States

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Blowing the Whistle on Fraud

Whistleblowers are people who come forward with information that exposes wrongdoing. In the United States, whistleblowers are given the power to file lawsuits on behalf of the government through the False Claims Act. If a whistleblower’s claim is successful and the government recovers money lost to fraud, the whistleblower generally receives between 15 and 30 percent of the recovered amount.

877-959-1086

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Why Whistleblowers are Vital in the U.S.

When someone comes forward to stop fraud, abuse or waste, they are doing a public service. Whistleblowers are often employees of the companies they blow the whistle on, and their willingness to speak out is born out of a tough decision - do I speak up or look the other way? Fortunately, many of these whistleblowers choose the former. Here are five reasons why whistleblowers are so important.

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Reason 1 - They end ongoing abuses…

Some of our country’s largest programs and institutions are also the most vulnerable to fraud. For example, Medicare covers millions of Americans and requires billions of dollars every year. Because the system is so complex and relies heavily on third-party healthcare providers to function, it is ripe for abuse by providers. Whistleblowers point out ongoing schemes and help the authorities recover funds lost to fraudsters.

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Reason 2 - Their efforts help authorities predict future abuses…

Once the authorities know how fraudsters manipulate the system, they are more likely to catch similar schemes in the future. In this respect, whistleblowers not only stop current fraud, they prevent future schemes from being implemented.

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Reason 3 - Whistleblowers save taxpayers money…

Billions of dollars are lost to fraud every year in the United States. When a whistleblower enables the government to recover money and prevent further abuses, it saves taxpayers’ money. In the fiscal year of 2016, the Justice Department recovered nearly $5 billion through the False Claims Act. This makes our institutions more efficient and allows the government to allocate funds where they’re intended to go - toward helping those who need it.

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Reason 4 - Whistleblowers help transparency where it is lacking…

By its nature, fraud occurs in the shadows, and the authorities don’t always know where to look or how vast the problem is. Whistleblowers change that by shedding light on fraud, abuse and waste. Businesses are held accountable for their actions when someone speaks out about their wrongdoing, making the system more transparent to the government and consumers.

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Reason 5 - They embolden others to come forward…

When someone shows the courage to speak truth to power, they are leading by example. Other potential whistleblowers might feel empowered to come forward with information that leads the authorities to substantial recoveries.

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Whistleblowers Also Get Rewards

There are several reasons someone might speak out about fraud they’ve witnessed. They might have altruistic motivations or be tired of seeing abuses that go unpunished. Fortunately, the False Claims Act also offers whistleblowers compensation for their efforts. In fiscal year 2016, whistleblowers were awarded a total of $519 million for coming forward. This incentive encourages more people to become whistleblowers.

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Have You Witnessed Fraud?

Fraud is common in all major sectors in the United States, from the healthcare industry to defense contracting to the financial sector. If you work in one of these industries and have witnessed fraud, abuse or waste and believe you have a claim that could point authorities toward a recovery, you should consider all of your legal options. A whistleblower attorney can help you prepare a claim that garners the attention of the authorities and maximizes your chances of success.

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Contact Bert Louthian to Learn More

If you’d like to learn more about filing a whistleblower claim, contact an attorney with the experience to help you build a case. Bert Louthian has in-depth knowledge of the False Claims Act, and his experience can be put to your benefit. Contact whistleblower attorney Bert Louthian today by calling 877-959-1086 or filling out the online contact form.

www.thewhistleblowerlawyer.com