Essential Vocabulary for Financial Frauds: What is a pump and dump scheme?
Like many phenomena, pump and dump schemes have gotten easier and more widespread in the age of the internet.
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In Conclusion
To assist these anti-fraud efforts, whistleblower reward programs have successfully encouraged private citizens to step forward with much-needed evidence and resources.
Does the Department of Justice Have the Resources to Tackle Fraud?
No matter how these cases are originated, the total number means the DOJ is overseeing twice as many new FCA matters as in 1993, according to the most recent report from DOJ.
Is Enforcement Just the Cost of Doing Business for Repeat Offenders?
Some defendants continue to violate the False Claims Act many times over, often changing schemes over time when they are discovered.
What would government FCA enforcement recoveries look like without qui tams?
It is safe to assume that relying on government-initiated FCA actions would drastically reduce the amount of money that is recovered from fraudsters each year.
Whistleblowers Have Helped the Government Recover $50.1 Billion: How Are We Spending It?
No matter how the Government spends taxpayer dollars, one thing is clear: the fraudsters certainly don’t deserve the money.
Too Many False Claims Act Cases?
Of the 309,102 new civil cases filed in the U.S., only 652 were qui tam actions -- slightly more cases filed than in 2021.
IRS Whistleblower Program Report Shows Increase in Award Amounts, Processing Times
Although the total dollar amount of awards increased from FY 2021, the actual number of awards decreased from the 179 that were issued the prior year.
Who Blows the Whistle?
Whistleblowers who don’t report first are balancing the likelihood of being ignored against the real possibility of retaliation.
At Your Service: Government Procurement of Services
The federal government’s procurement of tens of billions of dollars for engineering and technical services is also vulnerable to fraud.
