International Whistleblower Reward Laws: International Whistleblowers Can Anonymously Expose Illegal Bribes and Collect Large Financial by International Whistleblower Reward Lawyer and Foreign Corrupt Practices Act Lawyer Jason S. Coomer
International Whistleblower Reward Laws target international bribery schemes, money laundering and other corruption in the global financial markets. These Bounty Actions allow International Whistleblowers to anonymously expose illegal conduct and collect large financial rewards. These laws work through the Foreign Corrupt Practices Act (FCPA) and other several laws. By working through an International Whistleblower Reward Lawyer, any person with original information of significant Foreign Corrupt Practices Act violations or other illegal conduct in the financial markets can earn large rewards. International professionals and others with original knowledge of large scale corruption are encouraged to report significant illegal conduct. If you are aware of a significant Foreign Corrupt Practice Act violation or other significant fraud in the financial markets, please feel free to contact International Whistleblower Reward Lawyer and Foreign Corrupt Practices Act Whistleblower Reward Lawyer Jason Coomer for a confidential review of a potential claim or use our submission form.
Foreign Corrupt Practices Act Violations and International Whistleblower Reward Laws
The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by U.S. and foreign companies listed on the U.S. securities exchange. The FCPA also requires such companies to maintain accurate books and records. Illegal bribes, fraudulent accountings, and false disclosures are all types of FCPA violations. Foreign Corrupt Practices Act Whistleblowers that properly report FCPA violations by a U.S. or foreign company listed on the U.S. securities exchanges can recover a large reward for exposing FCPA violations. These rewards can be extremely large when the bribe is for a procurement contract, drug contract, or oil lease.
Foreign Corrupt Practices Act Whistleblower Rewards and Bounty Actions
Under the Foreign Corrupt Practices Act and the CFTC and SEC Bounty Actions, whistleblowers with original and specialized knowledge and evidence of large bribery schemes are eligible to recover large financial awards. By gathering this evidence and going through a lawyer, these whistleblowers can protect their identity and collect large rewards of 10% to 30% of the funds recovered by the CFTC or SEC. These recoveries can be extremely larger as the rewards can include 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.
Large Corporations Commonly Violate the Foreign Corrupt Practices Act in Emerging Markets and Traditionally Corrupt Markets
Many companies violate the Foreign Corrupt Practices Act (FCPA) in emerging markets. They also violate the FCPA in countries with traditions of corruption. More specifically, companies often fiercely compete for business in emerging markets. Several of these emerging markets exist in South America, Africa, and Asia. The competition in these markets creates an environment where an illegal bribe paid to a public official can secure a large contract worth billions. Further, companies that obtain a contract in an emerging markets have a better chance of obtaining future contracts in this market as it market matures. Thus, the benefit of securing a large contract in an emerging market can outweigh the danger of violating the law.
Likewise, companies commonly illegally pay bribes in traditionally corrupt countries such as Russia, India, and China. Though bribes are now illegal in all these countries, the benefit of obtaining a large oil, telecommunications, or pharmaceutical contract can produce great wealth. However, the illegality of these bribes make them a target of bounty actions. These bounty actions pay large financial rewards to whistleblowers who anonymously expose illegal bribes in these countries.
Bounty Action Target Bribes Paid to Government Officials in Many Countries. Bounty Actions Specifically Target Russia, China, India, South America, Africa, Europe, and other Parts of Asia.
Large corporations commonly pay bribes to government officials in several countries. Bounty actions target illegal bribes in Russia, China, Mexico, Brazil, India, West, Middle East, and South America. The DOJ, SEC, and CFTC through Bounty Actions have exposed illegal bribes throughout the world. More specifically, these government agencies offer large bounties to individuals with original knowledge of significant bribes and other corruption.
The SEC and CFTC through bounty actions have detected illegal bribes paid to government officials around the world. The DOJ, SEC, and CFTC have collected billions of millions of dollars from companies who paid illegal bribes. The SEC and CFTC have also paid over $100 million in rewards to whistleblowers. Further, both agencies are actively targeting bribes to Russian, Chinese, Mexican, Brazilian, and Indian government officials.
Illegal Bribes In Several Business Sectors Can Be The Basis of Bounty Actions (Public Works, Telecommunications, Construction, Oil & Gas, Heavy Manufacturing, Mining, Pharmaceutical, and Health Care Industries)
Illegal bribes are paid in several business sectors. The more corrupt business sectors include Public Works, Construction, Oil & Gas, Pharmaceuticals, and Health Care. More specifically, public works contracts for telecommunications, roads, power plants, and hospitals commonly include illegal bribes. Further, any large government contract secured through a bribe can be the basis of a bounty action. Further, a whistleblower who properly exposes a contract bribe in any industry can receive a large reward.
SEC and CFTC Bounty Action Information (International Whistleblower Reward Laws)
Corporations that pay illegal kickbacks and bribes to government officials can be brought to justice. These corporations can be made to pay large penalties under the Foreign Corrupt Practices Act. Further, whistleblowers who anonymously help bring these corporations to justice can earn large rewards. These bounty actions whistleblower reward laws detect illegal bribes and regulate the global markets. For more information on SEC and CFTC laws, go to the Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).
International Whistleblowers can earn millions by anonymously exposing corruption and other illegal conduct. Further, a Whistleblower can earn $30 million by exposing a $100,000.00 bribe use to secure a $100 million contract. In other words, the whistleblower earns 10% to 30% of the money recovered. More specifically, the SEC or CFTC disgorge the benefit of the contract. This penalty makes the company pay the $100 million to the agency. In this situation, the whistleblower reward could be from $10 million to $30 million award.
Johnson & Johnson Bribery Lawsuit
According to Bloomberg news, "Johnson & Johnson (JNJ), the world’s second-biggest seller of medical products, will paid $70 million after admitting that the company bribed doctors in Europe and paid kickbacks in Iraq to win contracts and sell drugs and artificial joints." Johnson & Johnson Will Pay $70 Million Over Bribery Claims By Joshua Gallu and Alex Nussbaum - Apr 8, 2011 2:09 PM CT
The SEC Complaint alleges that Johnson & Johnson through subsidiaries paid bribes to key health care provider decision makers including doctors and hospital administrators in several countries to win large contracts under the U.N. oil-for-food program. Further, the SEC alleged that Johnson & Johnson used slush funds, sham contracts and off-shore companies to carry out large bribes to key medical decision makers to secure large contracts and reward these decision makers for selecting Johnson & Johnson.
Siemens AG Bribes Lawsuit
"In December 2008, Siemens AG, Europe’s largest engineering firm, agreed to pay $800 million to the U.S. and $814 million to German authorities to settle claims that units of the company paid bribes to win contracts from Iraq’s government in the U.N. oil-for-food program and for projects including commuter rail in Venezuela, mobile-phone networks in Bangladesh, power plants in Israel and traffic-control systems in Russia." Johnson & Johnson Will Pay $70 Million Over Bribery Claims By Joshua Gallu and Alex Nussbaum - Apr 8, 2011 2:09 PM CT
International Whistleblower Reward Laws and Foreign Corrupt Practices Act Lawyer Jason S. Coomer
As an International Whistleblower Lawyer, Jason S. Coomer commonly works with International Whistleblowers from around the world. More specifically, he works with international professionals from a variety of business sectors. He also commonly works with other powerful international lawyers to handle large international lawsuits. Further, he handles several different types of whistleblower reward lawsuits including Defense Contractor Fraud Whistleblower Lawsuits and Government Contractor Fraud Whistleblower Lawsuits. He also handles Whistleblower Reward Lawsuits (Medicare, Medicaid, and Healthcare Fraud), 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.