Qui Tam Litigation/Whistleblowers
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Forensic accountants often get involved in Qui Tam litigation brought under the Federal False Claims Act. The whistleblowers who file the litigation on behalf of the U.S. Government can receive up to 30% of the amount recovered. Looking on the internet what are your opinions of this type of practice?
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The solution discusses Qui Tam litigation and whistleblowers.
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In reality, this works only when the courts cooperate. However the reasoning behind the law and the ability of whistleblowers to file claims is sound. The offering of up to 30% of reclaimed funds is an incentive that might override the fear of losing a job for complaining.
Forensic accountants are charged with finding the evidence of the fraud ...
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