FCPA Foreign Corrupt Practices Act Whistleblower Claims | FCPA Whistleblower Claims Attorneys
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When the United States prosecutes individuals or companies for bribing foreign government officials, more often than not, a whistleblower provided the information the government needed to bring claims under the Foreign Corrupt Practices Act (FCPA). The FCPA Foreign Corrupt Practices Act allows the government to go after individuals or corporations that illegally influence foreign officials in return for some type of business advantage.
If you have original information about wrongdoing being committed by U.S. or foreign companies and their officers, you may be eligible to become a FCPA whistleblower and receive a financial award if the information you provide results in the government’s successful enforcement of a FCPA, Foreign Corrupt Practices Act case.
[sec.gov/news/press/2008/2008-294.htm, December 15, 2008]
Alonso Krangle LLP is offering free FCPA Foreign Corrupt Practices Act Whistleblower Claims reviews to potential FCPA Foreign Corrupt Practices Act Whistleblowers. Our FCPA Foreign Corrupt Practices Act Whistleblower Claims attorneys will evaluate your case CONFIDENTIALLY with you to ensure that your Whistleblower claim complies with requirements of the federal False Claims Act, and will work with you as your claim progresses. For a FREE FCPA Foreign Corrupt Practices Act Whistleblower Claims legal review, please fill out our online form or call 1-800-403-6191 today.
Foreign Corrupt Practices Act Overview
The Foreign Corrupt Practices Act (FCPA), enacted by Congress in 1977, prohibits a U.S. individual or company and U.S. and foreign companies required to file reports with the SEC, to bribe foreign government officials to obtain or retain business. In addition to prohibiting bribery, the FCPA requires companies with securities listed in the United States to keep books and records that accurately reflect the companies’ transactions, and devise and maintain an adequate system of internal accounting controls. The SEC and the DOJ enforce the Foreign Corrupt Practices Act which Congress says was intended to “create a level playing field for honest businesses, and restore public confidence in the integrity of the marketplace.” The SEC receives millions of dollars in settlements each year from companies that violate the FCPA.
SEC Enforcement Actions In FCPA Foreign Corrupt Practices Act Cases:
Germany-based Siemens AG paid an unprecedented $800 million to settle Security and Exchange Commission (SEC) claims that it violated the FCPA by systematically bribing foreign government officials to obtain business around the globe, from Vietnam to Venezuela.
[https://www.sec.gov/news/press/2008/2008-294.htm SEC Dec. 15, 2008]
- In 2013, SEC obtained a $175 million settlement from Alcoa in connection with payments to Bahrani officials to maintain aluminum contracts.
[http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540596936 SEC Jan. 9, 2014]
- Secured a $108 million settlement against Hewlett-Packard arising from improper payments in several countries to obtain or retain lucrative public contracts in Russia, Poland and Mexico.
[http://www.wsj.com/articles/SB10001424052702303873604579491544174653138 WSJ April 9, 2014]
- Reached a $250 million global resolution against Weatherford International one of the largest oil and natural gas service companies for bribes and other misconduct in the Middle East and Africa, including improper sales to sanctioned countries.
[sec.gov/News/Speech/Detail/Speech/1370543493598, November 19, 2014]
- In May 2015, the SEC charged BHP Billiton, a global resource company, with violating the FCPA when it footed the bill for 176 foreign government officials and employees to attend the 2008 Summer Olympics in Beijing “while they were in a position to help the company with its business or regulatory endeavors,” the SEC said in a news release.
[sec.gov/news/pressrelease/2015-93.html, May 20, 2015]
All SEC Enforcement Actions In FCPA Foreign Corrupt Practices Act Whistleblower Cases
Protection For FCPA Whistleblowers Under Dodd-Frank Act
Whistleblowers who report FCPA violations are covered under provisions of the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010. The law authorized the SEC to create a whistleblower program to reward individuals who volunteer “high quality, original information” that leads to successful enforcement actions in which over $1 million in sanctions are ordered. Under the Dodd-Frank Act, FCPA whistleblowers can receive between 10 percent to 30 percent of the money recovered by the government. The Dodd-Frank Act also has anti-retaliation provisions to protect whistleblower-employees from being harassed, demoted or fired by their employers. In its report to Congress, the SEC said it had received 3,620 whistleblower tips in 2014, a more than 20 percent increase in the number of whistleblower tips in just two years. The SEC has not announced any whistleblower payouts under the FCPA, but the Commission in September awarded $30 million to a whistleblower living in a foreign country who provided information that led to a successful enforcement action. According to the SEC, this is the largest made by the SEC’s whistleblower program to date and the fourth award to a whistleblower living in a foreign country.
Foreign Corrupt Practices Act Whistleblower Attorneys
Our attorneys provide counsel and aggressively fight for whistleblowers who are facing any form of retaliation due to filing a whistleblowers’ claim. Our legal experts also help whistleblowers qualify for an award by reviewing their original information to ensure that is properly submitted to the SEC. Alonso Krangle LLP also ensures that our clients civil rights are not violated by their employers or other entities involved in the investigation.
About Alonso Krangle LLP And Filing A SEC Whistleblower Claim
Andres Alonso and David Krangle, attorneys with almost 40 years of collective legal experience, have focused their law practice on the handling of significant personal injury cases, defective drug and medical device litigation, construction site accidents, nursing home abuse, medical negligence, qui tam/whistleblower actions and consumer fraud cases. A nationwide law firm representing injured victims throughout the U.S., Alonso Krangle LLP is headquartered in Long Island, New York, with offices in New York City, and New Jersey.
For more information about Alonso Krangle and filing a Foreign Corrupt Practices Act Whistleblower Claim, please contact us at 1-800-403-6191 or visit our website, http://www.FightForVictims.com
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