National Report Government Contractor Fraud Day 2023: National Accounts Government Contractor Fraud Day is observed annually on May 8. Every year, the government spends $4 trillion of public funds, of which a staggering 10% is spent on fraudulent invoices. This amounts to a loss of 400 billion dollars in public funds due to deception. This day encourages citizens and consumers to become knowledgeable and assist the government in rooting out fraudsters. As a compensation, the whistleblower may receive up to 30 percent of the funds recovered by the government. Does it seem too wonderful to be true? However, there is one caveat. If forgeries are not properly reported, they may not be investigated, let alone be eligible for a reward.
HISTORY OF NATIONAL REPORT GOVERNMENT CONTRACTOR FRAUD DAY
In 2018, whistleblower attorney Joel Hesch began this day. He has spent fifteen years at the Department of Justice (D.O.J.) distributing whistleblower rewards. Currently, he operates a law firm that assists individuals across the nation in reporting fraud and claiming rewards.
In a single instance, the maximum incentive for reporting fraudulent activity is $150 million. An average reward for a whistleblower case is $549,665. Hesch, while employed at the Department of Justice, assisted in the recovery of over a billion dollars in fraudulent funds for the government and the subsequent payment of whistleblowers who reported the fraud. He has written multiple e-books on detecting and reporting fraud.
He observes that many whistleblowers with legitimate information about government misconduct are unable to report it properly, thereby forfeiting the opportunity to receive rewards. In such situations, the government may not even conduct an investigation, and even if it does, it is not required to disclose its findings. In order to attract the government’s attention, it is necessary to report any fraudulent activity in accordance with applicable laws. Other prevalent types of fraud include military fraud, Internal Revenue Service fraud, and Medicare fraud, among others.
National Government Contractor Fraud Reporting Day Events
You can obtain information from the Internet or from publications written by Joel Hesch, the founder of this day. His books equip you with the appropriate knowledge and instruments to detect and report frauds.
Extend a hand
When unsure, contact local whistleblower attorneys to discuss your concerns. Share any and all information you have and do your part to stop fraud.
Share the news
This day was created by Joel Hesch so that government contractors will not attempt to defraud the government for fear of being reported by citizens. You can support the cause by disseminating information on social media.
Mayday for Mutts 2023: Date, History, Significance, and Facts
5 FACTS REGARDING THE FALSE CLAIMS ACT
How did everything start?
The False Claims Act was enacted in response to pervasive fraud by private contractors during the American Civil War, who billed the government for services and goods that were either never provided or of inferior quality.
The False Claims Act is also known as the Lincoln Law because it was enacted during Abraham Lincoln’s presidency.
Thousands of millions
Between 1987 and 2019, the False Claims Act recovered approximately $62 billion.
Am I a “relator”?
A relator is the citizen who files the complaint and alerts the government to the fraud.
The False Claims Act covers forgeries involving Medicare, the military, pharmaceutical settlements, etc.
REASONS WE ADORE THIS DAY
It celebrates deeds well done.
By reporting criminals, billions of dollars of taxpayers’ hard-earned money can be spared. It does feel wonderful to perform a kind act.
Who doesn’t like to be rewarded?
Everyone is in favour of altruism, but who doesn’t enjoy receiving a reward? The substantial quantity can be an excellent incentive for citizens to remain vigilant.
It encourages doing things properly.
Reporting fraud in the proper manner is crucial. This is because, if not, the government may disregard the concern, rendering all efforts futile.
NATIONAL REPORT GOVERNMENT CONTRACTOR FRAUD DAY DATES