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The Texas Lawyers Blog provides useful information on the law and Texas lawyers. For more information on this Blog or a legal topic, please feel free to submit an inquiry or send an e-mail message to blog@texaslawyers.com

Sunday, May 1, 2011

Corporate Illegal Kickback Whistleblower Recovery Lawsuit & Contract Bribe Whistelblower Award Lawsuit Information

Foreign Corporation Illegal Bribe Whistleblower Award Lawyer, Corporate Illegal Kickback Whistleblower Reward Lawyer, Violations of the Foreign Corrupt Practices Act Whistleblower Recovery Lawyer,  FCPA SEC  Whistleblower Lawyer, SEC Whistleblower Incentive Program Lawyer, & Illegal Bribe Bounty Action Lawyer by Texas Corporate Bribe Whistleblower Lawyer and Illegal Kickback Whistleblower Recovery Lawyer Jason Coomer
 
Under the Foreign Corrupt Practices Act and the new SEC Whistleblower Incentive Program, whistleblowers with original and specialized knowledge and evidence of corporate bribes and illegal kickbacks are eligible to recover large economic awards.  By gathering this evidence and going through a lawyer, these whistleblowers can protect their identity through the process.

Corporations that pay illegal kickbacks and bribes to government officials and former government officials in exchange for contracts including large building projects can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act and whistleblowers that bring these corporations to justice may be able to collect large economic rewards under the  Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).
The Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback.  In cases where $100,000.00 bribe is made to obtain a $100 million building project, the Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to 10 to 30% of the $100,000,000.00 and the $100,000.00 translating into a $10 million to $30 million award.

Foreign Corrupt Practices Act Violations, Foreign Corrupt Practices Act Prohibitions, Securities Exchange Act, Illegal Bribes, Illegal Kickbacks, and the SEC Whistleblower Incentive Program

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. §§ 78dd-1, et seq.) is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning prohibitions of the bribery of foreign officials.  Through the Foreign Corrupt Practices Act, the anti-kickback and anti-bribery provisions of the Act prohibit any person from making use of interstate commerce corruptly, in furtherance of an offer or payment of anything of value to a foreign official, foreign political party, or candidate for political office, for the purpose of influencing any act of that foreign official in violation of the duty of that official, or to secure any improper advantage in order to obtain or retain business.

The prohibition includes any U.S. or foreign corporation that has a class of securities registered, or that is required to file reports under the Securities and Exchange Act of 1934.  This Act includes any individual who is a citizen, national, or resident of the United States and any corporation and other business entity organized under the laws of the United States or having its principal place of business in the United States.  The Act defines any person to include both enterprises and individuals. 

By violating the Securities and Exchange Act and Foreign Corrupt Practices Act, large corporations including both some foreign corporations and domestic corporations can be subject to SEC penalties, disgorgement, restitution, and interest.  If a whistleblower provides the specialized knowledge and evidence to detect the violations, that whistleblower can receive from 10% to 30% of any recovery made be the SEC.
The whistleblower or whistleblowers can be any individual including an employee of the fraudulent corporation, competition of the corporation that missed out on the contract because of the illegal bribes or illegal kickbacks, or a group of individuals with specialized knowledge and original evidence of the violations of the Foreign Corrupt Practices Act.

Foreign Corporation Illegal Bribe Whistleblower Lawsuit, Domestic Corporation Illegal Kickback Lawsuit, Violations of the Foreign Corrupt Practices Act Whistleblower Lawsuit,  FCPA SEC  Whistleblower Lawsuit, SEC Whistleblower Incentive Program Lawsuit, & Illegal Corporate Bribe Bounty Lawsuit Information

For more information on International Corporate Fraud Whistleblower Compensation Lawsuits, SEC Foreign Corporation Illegal Bribe Whistleblower Reward Lawsuits, Corporate Illegal Kickback Whistleblower Bounty Actions, Commodity Fraud Bounty Claims, and other Foreign Corrupt Practices Act Whistleblower Reward Lawsuits, please click on the following link, Corporate Illegal Kickback Whistleblower Recovery Lawsuit & Corporate Contract Bribe Whistelblower Award Lawsuit Information.

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