Blowing the whistle on wrongdoing is an act of bravery - both because it requires speaking out and because it places the whistleblower in a vulnerable position for retaliation. Retaliating against a whistleblower is illegal. In many cases, so too is the behavior being reported. This is not reassuring. Especially when the actions being reported may involve supervisors or those in a position to harm you and your family financially.
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If you have witnessed fraudulent activity that involved your company or corporation defrauding the government, you may want to choose to be a whistleblower and reveal this fraud to an attorney and the government. Whistleblowers are protected under the Federal Claims Act and can receive a percentage of a cash award or settlement should the case go agains the fraudulent company. Please view this infographic for more information:
Because of the federal government's size and the amount of money it can bring to bear on certain problems, it is a tempting target for fraudsters. The False Claims Act, initially passed during the Civil War, imposes financial penalties on companies that defraud federal programs.
The U.S. Securities and Exchange Commission has been running a new bounty program for about a year, promising cash pay outs to those who submit valid tips against fraudulent business practices. Those that alert the SEC - whistleblowers - could make hundreds of thousands of dollars for alerting the SEC of wrongdoing.