Proposed Regulations Benefit Whistleblowers

Proposed Regulations Benefit Whistleblowers For the last 144 years, the IRS has been providing tax whistleblowers with compensation for information leading to the recovery of additional taxes paid by the identified defrauding taxpayer.There were two major flaws to the IRS program that served to deter individual whistleblower from reporting the fraud: 1) the rewards were discretionary with...

Accounting pages and a coffee mug, representing internal and external audits

IRS Proposes New Whistleblower Reward Plan

IRS Proposes New Whistleblower Reward Plan The Internal Revenue Service announced today new rules that will alter the Whistleblower Rewards Program should it be taken into effect. Senator Chuck Grassley of Iowa, the author of the 2006 law, modeled the Whistleblower Rewards Program after the successful False Claims Act. In June, Grassley expressed his concern with...

Eastern District of PA is a Great Place to Be

Eastern District of PA is a Great Place to Be The United States Attorney’s Office for the Eastern District of Pennsylvania was recently recognized in The Philadelphia Inquirer for its success in prosecuting false claims cases over the last seven years. In those seven years, the Philadelphia office has recovered nearly $4 BILLION from drugmakers,...

Low Angle View of Office Building Against Sky, representing Reverse Mortgage Whistleblower

McKessy Named Head of SEC Whistleblower Office

McKessy Named Head of SEC Whistleblower Office The Securities and Exchange Commission recently announced that Sean McKessy will oversee the new Whistleblower Office in the Division of Enforcement. The Office will consolidate existing resources to administer the whistleblower provisions called for by The Dodd-Frank Wall Street Reform and Consumer Protection Act. In that role, Mr....

100 Us Dollar Banknotes, representing Barclays Whistleblower

Economic Hit Men?

If you haven’t had an opportunity to do so, I urge you to read John Perkins’ book entitled “Confessions of an Economic Hitman”.“Economic Hit Men are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel World Bank, US government, and other foreign ‘aid’ funds into the coffers of...

Rusty Plant where government contractors work

Former Plant Manager of a Nuclear Facility Files Whistleblower Suit

Former Plant Manager of a Nuclear Facility Files Whistleblower Suit A former manager of the San Onofre Nuclear facility, one of two nuclear power plants in California, is suing the California utility company, South California Edison, charging that the company wrongfully terminated him in retaliation for his efforts to blow the whistle on safety violations...

Tax Documents on the Table, representing tax inversions

IRS Issues “Dirty Dozen” for 2011

IRS Issues “Dirty Dozen” for 2011 Hiding income in offshore accounts, identity theft, return preparer fraud, and filing false or misleading tax forms top the annual list of “dirty dozen” tax scams in 2011, the Internal Revenue Service announced today. Each year the IRS reveals its “dirty dozen” tax schemes in an effort to educate...

Close-up Photo of Codes representing the cyber unit as well as hackers and insider trading

Senate Bill would post every physician’s Medicare billing data on Internet

Senate Bill would post every physician’s Medicare billing data on Internet Aiming to curtail Medicare fraud, Senator Charles Grassley (R, Iowa) introduced a program integrity measure before a Senate Finance Committee hearing on Medicare and Medicaid fraud on March 2nd. The bill in part would require the Department of Health and Human Services by the...

Washington DC Capitol Building where whistleblower statutes have been discussed, representing whistleblower protections and the CHOICE Act

Senator Grassley proposes improved Whistleblower Protections

U.S. Sen. Grassley: Focuses on update to Whistleblower Protection Act Senator Chuck Grassley of Iowa, a longtime advocate for strong Whistleblower Protections, recently co-sponsored legislation to provide an update to the Whistleblower Protection Act of 1989 by restoring congressional intent of the original law. Grassley said that whistleblowers are being denied protections they should have...

A person with hands folded in front of computer, representing high speed trading

IRS Funding Cuts Hurt Taxpayers

IRS Funding Cuts Hurt Taxpayers Trying to save money, the federal government is cutting funding for the IRS. The result may be a loss of revenues costing taxpayers untold billions. By the end of Fiscal Year 2010, $330 billion dollars in federal taxes will remain uncollected. In context, $330 billion dollars represents nearly 9 times...

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