China International Business Bribes, Market Manipulation Schemes, and Money Laundering Can Be The Basis of SEC and CFTC Bounty Actions that Pay Large Financial Rewards to Whistleblowers Who Anonymously Expose Corruption, Bribery Schemes, and Other Illegal Conduct by China Bribery Scheme Lawyer and China Government Official Corruption Bounty Action Lawyer Jason Coomer
The SEC and CFTC regulate the financial markets in the United States and around the World. Both agencies offer large financial rewards to international professionals who anonymously expose significant illegal conduct that impacts the financial markets. More specifically, these bounty actions target illegal bribery schemes, corrupt practices, money laundering, and market manipulation schemes. Many of these illegal schemes relate to China including bribes paid to Chinese government officials, market manipulators investing from China, and criminals laundering money through Chinese banks or assets. Because many of these illegal acts impact the United States and global economy, both the SEC and CFTC have jurisdiction to regulate illegal conduct and collect assets from those violating the law throughout the world including actions in and related to China. This regulation includes paying large financial rewards through bounty actions to individuals who anonymously expose illegal conduct. To qualify, whistleblower must have original knowledge of significant illegal conduct and be the first to file. Further, these individuals can only report the illegal schemes anonymously through a lawyer, if they want to collect financial rewards. These rewards are based on the amount of money recovered from the agencies and the information provided.
Bounty Actions Target China Corruption and Large Corporations Who Illegally Bribe China Government Officials
Multinational Corporations that pay illegal kickbacks and bribes to Chinese government officials and former Chinese government officials in exchange for Chinese contracts are the target of CFTC and SEC Bounty Actions. These Bounty Actions allow international professionals to earn large financial rewards by anonymously exposing illegal bribes that violate the Foreign Corrupt Practices Act. More specifically, illegal bribes paid for construction contracts, public health care pharmaceutical contracts, customs false certifications through Chinese ports, and other international business advantages can be the basis of these bounty actions. These Bounty Actions also target illegal market manipulation schemes.
There is a worldwide effort by the international community to crack down on government corruption, illegal kickbacks, and illegal bribes. This effort includes initiatives by the United States to identify and prosecute illegal international bribery schemes of Chinese government officials and other public officials. To identify hard to detect bribery schemes, the United States Securities Exchange Commission is offering large bounties (whistleblower rewards) for persons with specialized knowledge of systematic bribes and complicated bribery schemes. These large economic incentives are designed to encourage import export experts, customs experts, logistics experts, and other persons aware of complicated import and export bribes and government fraud to step up and become a confidential import export bribe whistleblower, customs fraud whistleblower, logistics whistleblower, and other international trade whistleblower.
Bounty Actions and The Foreign Corrupt Practices Act Offer Large Rewards to International Professionals Who Anonymously Expose Illegal Bribes Paid to China Government Officials and China Corruptions
Foreign multinational corporations investing in the People's Republic of China and Chinese multinational corporations investing in other countries can often be held accountable when they violate the Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws. These laws prevent government corruption including illegal payments to customs agents, bribes for construction contracts, illegal kickbacks for regulatory approval, and other illegal business practices. Through the Foreign Corrupt Practices Act (FCPA), whistleblowers are encouraged to step up and confidentially report corruption. Under new whistleblower protections, these Chinese whistleblowers and multinational corporation whistleblowers can confidentially report violations through a Foreign Corrupt Practices Act Lawyer and receive large financial rewards for being the first to properly expose significant government corruption.
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.
International Trade, Foreign Direct Investment, and International Business Relations with Large Foreign Corporations have Allowed The People's Republic of China to Emerge as an International Economic Superpower
The People's Republic of China (PRC) has a population of over 1.3 billion and is the most populous state in the world. The Communist Party of China governs the People's Republic of China and exercises control over 22 provinces (23 provinces if Taiwan is included), five autonomous regions, four directly controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and two mostly self-governing special administrative regions (SARs), Hong Kong and Macau. Because of this government control of Chinese industries, bribery of Chinese officials, Chinese government bribes, and illegal kickbacks to Chinese customs agents and Chinese regulatory agents are more common.
The capital city of the People's Republic of China (PRC) is Beijing. Since the introduction of market-based economic reforms in 1978, China has become the world's fastest-growing major economy. Since the 1980s, the People's Republic of China has used international trade and foreign investment to emerge as an economic superpower. From 2001 to 2010, China's international trade imports and exports increased from about $500 billion per year to approximately $3 trillion per year. A large part of this rapid expansion can be attributed to foreign direct investment that has surged into China. As of 2012, the People's Republic of China (PRC) has become the world's second-largest economy by both nominal GDP and purchasing power parity (PPP), and is also the world's largest exporter and second-largest importer of goods.
CFTC and SEC Bounty Actions Work Under the Foreign Corrupt Practices Act and other Laws to Deter Bribes, Corruption, and other Illegal Conducts
The United States Bounty Actions are set up under the Foreign Corrupt Practices Act (FCPA). The 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.
For information on specific types of China Foreign Corrupt Practices Act Violations and potential Chinese International Bribery Scheme Whistleblower Reward Lawsuits, please go to the following web pages on:
International Bounty Action Whistleblower Works With China Whistleblowers, International Professionals, and Other Individuals With Original Knowledge of China Bibery Schemes, China Corruption, and other China Market Manipulations
As an US Foreign Corrupt Practices Act Violation Lawyer, Jason S. Coomer commonly works with other powerful illegal international business contract bribe and whistleblower lawyers to handle large Chinese Multinational SEC Corporation Lawsuits.