The Federal Trade Commission’s Consumer Sentinel project reports that the most common type of fraud in 2016 was impostor scams, costing consumers $744.5 million in total – an average of just under $1,125 per victim.
Handling Whistleblower Cases Nationwide from Newport News, Virginia
The Foreign Corrupt Practices Act (FCPA) prohibits United States Companies and individuals (as well as certain foreign companies that are required to make certain filing with the United States Securities and Exchange Commission (SEC)) from offering bribes or kickback to obtain business. The FCPA specifically addresses bribery as follows:
What is the Stark Law?
Congress enacted the Stark Law as part of the Omnibus Budget Reconciliation Act of 1989. The Stark Law, 42 USC Section 1395nn, also referred to as the Physician Self–Referral Law, has certain prohibitions when a physician or member of his or her immediate family has a direct or indirect financial arrangement or relationship with an entity:
(1) First, the physician may not make a referral to an entity that provides certain designated health services covered by the Medicare program or any other federal heathcare payor program; and
On August 21, 2012, the Securities and Exchange Commission (SEC) announced its first whistleblower reward of nearly $50,000 under the provisions of the Dodd-Frank Act.
On August 2, 2012, the U.S. Court of Appeals for the Ninth Circuit issued its decision in United States ex rel. Hooper v. Lockheed Martin Corp., holding that underbidding on a $900 million government contract creates liability under the False Claims Act.
In its recently published report entitled “Inside the Mind of a Whistleblower,” the Ethics Resource Center (ERC) synthesizes data collected over the past decade, providing statistics and information on the behavior of whistleblowers in the U.S. The study examines a wide range of factors that influence employees who face the decision of whether or not to report wrongdoing in the workplace.
When major corporations are fined for defrauding the government, CEO’s aren’t the ones writing the checks.
Take, for example, three companies in the healthcare industry who have recently agreed to settlements in fraud cases:
The Federal Government and several major health insurers have recently announced a partnership that will take unprecedented steps to eviscerate fraud from the health care industry. The two sides will share raw data, as well as investigative knowledge and expertise, as they aim to shut off billions of dollars in questionable payments made by the health care system each year.
While insurance companies grudgingly adhere to the requirements of President Barack Obama’s health care overhaul law, industry leaders point out that combating fraud remains atop the list of priorities.
It comes as no surprise that the False Claims Act has become increasingly relevant during the recent economic downturn in the U.S.