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  • What is Money Laundering? Close-up of Rolls of $100's Being Laundered

What is Money Laundering?

Money laundering is the process of taking large amounts of illegally obtained funds and making their source seem legitimate. Money earned through criminal activity is considered “dirty,” and through money laundering it becomes “clean.” Once cleaned, the money can be used without being traced back to the criminal activities it originated from.

  • What Is a Whistleblower - Kohn, Kohn & Colapinto LLP

What Is A Whistleblower?

There is no uniform definition of a whistleblower. However, the definition commonly used includes someone whose loyalty is to the truth, becomes an informant to the government on corporate crimes, or seeks monetary rewards under various whistleblower programs.

  • What is Qui Tam?

What Is Qui Tam?

The federal False Claims Act empowers individuals and other entities to enforce laws that prohibit fraud in government contracting. The first modern whistleblower law, the False Claims Act, incorporated qui tam as the heart of its anti-corruption powers.

  • Qualify for a Whistleblower Reward

Can I Qualify For A Whistleblower Reward?

Under specific U.S. laws, both citizens and foreign nationals can qualify for financial rewards as whistleblowers if they disclose violations that result in the U.S. obtaining sanctions from the wrongdoer.

  • What is the False Claims Act? - Kohn, Kohn & Colapinto LLP

What Is The False Claims Act?

The purpose of the FCA is to incentivize citizens to help the federal government police rampant military contracting fraud during the U.S. Civil War. The original law went mostly unused until 1986 when the U.S. Congress modernized its procedures and approved significant amendments.

  • What is an IRS whistleblower?

What is an IRS Whistleblower?

IRS whistleblowers are individuals who report tax problems in their workplace, tax misconduct committed by individuals, and anywhere else frauds might be encountered. Whistleblowers who witness corporate fraud, tax evasion and other crimes related to the Internal Revenue Service can earn financial rewards for providing the IRS with original evidence.

  • IRS Whistleblower Reward Program

IRS Whistleblower Program: An Overview

The IRS Whistleblower Program is one of the strongest anti-fraud award programs available to whistleblowers who report tax evasion and fraud. Congress required the IRS to establish the IRS Whistleblower Office to pay rewards whistleblowers who report specific and credible information to the IRS and if the information results in the collection of taxes, penalties, interest or other amounts from the noncompliant taxpayer.

  • What is an SEC Whistleblower? Photo of pensive male executive looking over city

What is an SEC Whistleblower?

An SEC whistleblower is a person who provides the SEC Office of the Whistleblower with original, timely and credible information regarding a violation of federal securities laws. Such violations include ponzi schemes, pyramid schemes, high-yield investment programs, theft or misuse of funds or securities, insider trading and many other forms of financial frauds.

  • Dodd-Frank Whistleblower - Kohn, Kohn & Colapinto LLP

Dodd-Frank Whistleblower Protections And Rewards

The Dodd-Frank Act is a major Wall Street reform law that was signed into law on July 21, 2010, which provides whistleblowers with protections and rewards. If you are a Dodd Frank whistleblower, keep reading to learn how to proceed with your case.

  • SEC Whistleblower Rewards - Kohn, Kohn & Colapinto LLP

Qualifying For SEC Whistleblower Rewards

The SEC whistleblower law requires that the SEC to pay a qualified whistleblower, who provides original information to the SEC regarding a violation of any of the securities laws enforced by the SEC and/or a violation of the Foreign Corrupt Practices Act, a financial reward.

  • Foreign Corrupt Practices Act - Female Not Accepting Bribe

Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits the payment of anything of value to foreign government officials in order to obtain a business advantage. The FCPA also requires publicly traded corporations to make and keep accurate books and records.

  • Anonymous CFTC Whistleblowers