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Thursday, January 17, 2013

Armstrong Fraud Whistleblower Case: Will US Department of Justice Join This Lawsuit? by Whistleblower Recovery Lawyer Jason S. Coomer

Armstrong Fraud Whistleblower Case: The United States Attorney General Is Currently Deciding Whether to Join The Fraud Whistleblower Reward Lawsuit That Has Been Filed Against Lance Armstrong by Whistleblower Recovery Lawyer Jason S. Coomer

Under Federal law, whistleblower recoveries can come through four different whistleblower recovery laws.  The Federal False Claims Act is the oldest of the laws and under this law the Federal Government has brought in approximately $30 Billion.  Under this law successful whistleblowers have been awarded over $3 Billion.  Through this law people that are aware of substantial fraud against the United States are encouraged to expose the fraud and in some cases can receive rewards for exposing fraud.  These whistleblower recovery lawsuits are the most effective method for identifying and preventing large scale fraud against the government, in financial markets, and in large corporations.

In applying whistleblower recovery laws to the Lance Armstrong situation, a qui tam lawsuit was filed in 2010 alleging that the U.S. Postal Service Team defrauded the Postal Service by taking sponsorship money while doping.  Under the Federal False Claims Act, the Attorney General has the option to join the claim or allow the whistleblower to proceed with the case without the United States joining the case.

For more on Whistleblower Recovery Laws, please feel free to go to the following web page: Whistleblower Recovery Laws, and/or read the article cited below:

Attorney General Eric Holder will decide whether to join whistleblower lawsuit against Lance Armstrong - NY Daily News

"Landis filed the whistleblower suit, also known as a “qui tam” suit, against the U.S. Postal Service Team under the False Claims Act, which allows “whistleblowers” to file suit on behalf of the federal government, in 2010. Landis claims the team defrauded the Postal Service by taking sponsorship money — up to $30 million — from the government-funded agency while cyclists were doping. The government could seek as much as $90 million, which would be triple the damages."

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