International Whistleblower & Foreign Currupt Practices Act Information

International Whistleblower Rewards and Exposing International Illegal Bribe Schemes

by The Law Offices of Jason S. Coomer, PLLC

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International Compliance Officers and International Security Professionals Can Earn Large Rewards For Properly Exposing Accounting Fraud, Illegal Bribes, and Other Violations of the Foreign Corrupt Practices Act by International Compliance Officer Bounty Action Lawyer and International Security Professional Whistleblower Reward Lawyer Jason S. Coomer

International Compliance Officers and Other International Security Professionals can earn large whistleblower reward for properly exposing violations of the Foreign Corrupt Practices Act.  These violations can include systematic accounting fraud, bribes to government officials and intentional non-compliance with known significant and repeated violations.  There are specific rules for proper reporting by international compliance officers and security professionals.  For this reason, it is highly recommended that international compliance officers and other security professionals have their case reviewed by an International Compliance Officer Bounty Action Lawyer or an International Security Professional Whistleblower Reward Lawyer.  If you are aware of a significant Foreign Corrupt Practice Act  violation by a large international company and are interested in a confidential review of a whistleblower bounty action, please feel free to contact International Compliance Officer Whistleblower Reward Lawyer and International Security Professional Bounty Action Lawyer Jason Coomer via e-mail message or use our submission form. 

Government Purchasing Bribes and Government Contract Bribes Can Be the Basis of Foreign Corrupt Practices Act Bounty Actions

Worldwide government purchasing is estimated to be over $10 Trillion each year and includes an estimated $2 Trillion in purchase contracts that are made through illegal bribes, kickbacks, and other illicit payments.  These illegal government contracts include military contracts; public works construction contracts; public health care contracts (pharmaceutical contracts, medical equipment contracts, & hospital contracts); construction and maintenance contracts for ports, transportation, & roads; and mining and oil extraction contracts.

Drug Company Bribes in China, Brazil, Russia, India, Venezuela, Poland and Ukraine for Procurement Contracts Are Becoming More Common And Can Be The Basis For Large Bounty Action Rewards

Every year over $4.1 trillion (US dollars) is spent worldwide on health services including approximately $850 billion (US dollars) that is spent in the pharmaceutical market on drugs and medications. In 2011, it is estimated that global pharmaceutical sales are expected to grow by 5% to 7% to around $880 billion. This growth in sales is led by the 17 so-called "pharmerging countries," which include China, Brazil, Russia, India, Venezuela, Poland, and Ukraine. These "pharmerging countries", are forecast to see their pharmaceutical spending grow at a 15% to 17% rate in 2011, to between $170 billion and $180 billion overall.

Eight pharmerging countries are amongst the top 20 world pharmaceutical markets, and China is one of the “top three” or will be in the near future. A few high-profile pharmaceutical companies have been successful in gaining a foothold in these pharmering countries. These footholds include Abbott’s acquisition of Piramal Healthcare in India — a deal that could potentially make the US giant the top player in this country. Bayer's and Novartis' investments in China including Novartis' commitment to invest $1 billion USD in R&D in China and its $125 million USD investment to buy 85 percent stake in a privately held vaccine company. Pfizer has made inroads into the Russian health care system with a discount-card system in Russia Sanofi Aventis has purchased Medley, Brazil’s third-largest pharmaceutical company. GSK and Lilly have also announced anticipated doubling their revenue in emerging markets by 2015.

It is estimated that approximately 10 to 25% of public health care procurement spending including drug contracts, medicine purchases, and pharmaceutical contracts are lost to corrupt and fraudulent acts. As such, there is an international movement to reward pharmaceutical professionals and health care professionals that expose fraudulent and corrupt practices that cost hundreds of billions of dollars and cost lives. This international movement includes SEC Foreign Corrupt Practices Act Whistleblower Reward Lawsuits and traditional Qui Tam False Claims Act Whistleblower Reward Lawsuits.

 Foreign Corrupt Practices Act Whistleblower Rewards 

Under the Foreign Corrupt Practices Act and the new SEC Whistleblower Incentive Program, whistleblowers with original and specialized knowledge and evidence of corporate bribery and illegal kickbacks are eligible to recover large economic awards.  By gathering this evidence and going through a lawyer, these whistleblowers can protect their identity through the process and potentially collect large rewards of 10% to 30% of the monetary sanctions including disgorged funds.  If you are aware of an illegal bribe or illegal kickback that was used to secure a large contract, please feel free to contact International Whistleblower Lawyer Jason Coomer via e-mail message or use our submission form about a potential SEC Whistleblower Incentive Program Action or other Whistleblower Bounty Action. 

Foreign Corrupt Practices Act  Whistleblower Laws Apply to All Foreign and U.S. Companies Listed on the U.S. Securities Exchanges as well as their Subsidiaries, Joint Venture Partners, and Agents

The Foreign Corrupt Practices Act (FCPA) applies to “issuers” (U.S. and foreign companies listed on U.S. securities exchanges and their employees); “domestic concerns,” which run the gamut of business entities organized under U.S. laws or with their principal place of business in the United States; the officers, directors, employees, and agents of those U.S. business entities (irrespective of nationality); U.S. citizens; U.S. resident aliens; “any person,” including all foreign persons, who commit an act in furtherance of a foreign bribe while in the United States, and U.S. businesses and nationals acting abroad. A Company must require all of its affiliated companies and all of their employees to comply with the Foreign Corrupt Practices Act.

 SEC Whistleblower Incentive Program Information

Corporations that pay illegal kickbacks and bribes to government officials and former government officials in exchange for contracts including large building projects can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act and whistleblowers that bring these corporations to justice may be able to collect large economic rewards under the  Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).

The Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback.  In cases where $100,000.00 bribe is made to obtain a $100 million building project, the Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to 10 to 30% of the $100,000,000.00 and the $100,000.00 translating into a $10 million to $30 million award.

SEC Whistleblower Rewards Through New Bounty Action Laws Are Now Over $150 Million Encouraging Professionals to Expose Systematic and Hard to Detect Fraud by SEC Whistleblower Reward Lawyer Jason S. Coomer

The Federal Government has enacted new Bounty Action Whistleblower Reward laws that offer large financial rewards to individuals and businesses that properly expose securities fraud and other forms of investment fraud.  These new Bounty Action Whistleblower Reward laws allow professionals to expose fraud through an attorney while protecting their identity and seeking a financial reward.  These laws are first to file laws and require original information or specialized information, but do offer large financial rewards to the first whistleblower that properly exposes the fraud and corruption. The first step for many professionals that want to expose fraud and corruption is to have a lawyer confidentially review their potential case and provide advice as to which laws may apply and the strength of their potential case.

To date, approximately $153 million has been awarded to 43 whistleblowers who became eligible for an award after voluntarily providing the SEC with original and useful information that led to successful enforcement actions. For more information on SEC Bounty Actions and Whistleblower Reward Laws, please go to the following web pages: SEC Bounty Actions and Whistleblower Reward Laws.
 
False Claims Act Recoveries: The United States Has Recovered More Than $50 Billion Through the Federal False Claims Act By False Claims Act Whistleblower Reward Lawyer

Since 1986, the Civil Division of the Department of Justice, working with U.S. Attorneys across the country, has returned tens of billions of dollars to the federal Treasury through civil and criminal judgments and resolutions in affirmative cases. This amount includes more than $53.6 billion recovered by the Division and the U.S. Attorneys under the False Claims Act. Last year alone, the government recovered more than $4.7 billion under the Act the seventh straight year that the Department has recovered more than $3 billion of taxpayer funds. Similarly, in each of the last seven fiscal years, the governments health care fraud recoveries have equaled or exceeded $2 billion. In addition, in FY 2016, the government recovered more than $6.6 billion from banks and other financial institutions making false statements and claims.

Professionals, who are aware of significant fraud schemes against the government, can earn large financial rewards and help the United States by properly exposing this fraud.  For more information on the Federal False Claims Act and Whistleblower Reward Laws, please go to the following web pages: The Federal False Claims Act and Whistleblower Reward Laws

Foreign Corrupt Practices Act Lawyer Jason S. Coomer

As an International Whistleblower Foreign Corrupt Practices Act Lawyer and SEC International Business Whistleblower Reward Lawyer, Jason S. Coomer commonly works with other powerful international business lawyers to handle large International Lawsuits dealing with whistleblowers and illegal bribes, kickbacks, fraud and other SEC Foreign Corrupt Practices Act Lawsuits  He also works on Medicare Fraud Whistleblower Lawsuits, Defense Contractor Fraud Whistleblower Lawsuits, Stimulus Fraud Whistleblower Lawsuits, Government Contractor Fraud Whistleblower Lawsuits, Medicare Illegal Kickback Lawsuits, Confidential Financial Analyst Whistleblower Reward Lawsuits and other whistleblower recovery lawsuits.

If you are the original source with special knowledge of fraud and are interested in learning more about a potential lawsuit please feel free to contact  Lawyer Jason Coomer via e-mail message or use our submission form

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