Whistleblowers can report various kinds of fraud against the government under the False Claims Act and can report certain financial fraud under other whistleblower fraud reporting programs, including the SEC and CFTC programs.

More corporate fraud is detected by whistleblower tips than from any other source, according to the Association of Certified Fraud Examiners. Reporting fraud is encouraged and rewarded under several U.S. whistleblower programs. A successful whistleblower complaint can lead to a reward of between 10 and 30% of the government’s overall recovery.

WHAT FRAUD CAN WHISTLEBLOWERS REPORT?

With the right attorneys, whistleblowers can successfully and safely report fraud under the qui tam provisions of the False Claims Act fraud, under the SEC securities fraud program, the CFTC’s commodity futures, options, and swap markets fraud program and the IRS tax fraud program.

HOW COMMON IS WHISTLEBLOWER FRAUD?

Fraud reported by whistleblowers is not only common—but it costs taxpayers and investors billions of dollars each year.

  • $5.6 billion in settlements and judgments from civil cases of fraud against the government was recovered by the Department of Justice during the fiscal year ending September 2021.
  • $237 million was paid out to the whistleblowers who exposed the fraud.
  • 598 whistleblower fraud suits were filed last year under the False Claims Act.
  • Since 1986 when the False Claims Act was strengthened by Congress, total recoveries amount to more than $70 billion.

The SEC, CFTC, and IRS whistleblower programs have also paid hundreds of millions of dollars to whistleblowers for reporting fraud over the past decade.

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