May 8 is National Report Government Contractor Fraud Day, founded by whistleblower advocate and former Department of Justice Attorney Joel D. Hesch
National Report Government Contractor Fraud Day is celebrated on
Ten percent of all government spending is lost due to fraud.* Because the government spends
Statistics for the DOJ whistleblower reward program***
- The largest whistleblower reward is
$150 million - The average whistleblower reward is
$549,665 - DOJ has recovered
$40 billion in fraud cases brought by whistleblowers - DOJ has paid whistleblowers rewards of over
$6.5 billion - Each year, DOJ pays approximately
$400 million in whistleblower rewards
National Report Government Contractor Fraud Day started in 2018. It was formed by
- https://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Health ("Estimates of fraudulent billings to health care programs, both public and private, are estimated between 3 and 10 percent of total health care expenditures."); http://www.howtoreportfraud.com/false-claims-act-general-information-and-statistics/ (10% of all government spending lost to fraud)
**https://www.thebalance.com/how-trump-amended-obama-budget-4128986 ("The federal government will spend
***
Read the full story at http://www.prweb.com/releases/2018/04/prweb15387799.htm


Sonoma County schools get $2.9 million in federal fire relief funds
EDITORIAL: Hurricane Matthew has lingered too long
Advisor News
- U.S. debt hits $40 trillion: how to support concerned clients
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
More Advisor NewsAnnuity News
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
More Annuity NewsHealth/Employee Benefits News
Life Insurance News