The twin purposes of National Report Government Contractor Fraud are (1) to bring attention to the government’s whistleblower reward program that pays 15% to 30% of the amount collected for turning in a company cheating the federal government, and (2) to teach people how to properly report government contractor fraud to receive a reward.
LYNCHBURG, Va. (PRWEB) May 03, 2018
National Report Government Contractor Fraud Day is celebrated on May 8. The twin purposes of National Report Government Contractor Fraud Day is to bring awareness to the amount of fraud committed against the federal government (especially by government contractors) and to invite the public to obtain a significant whistleblower reward for reporting it.
Ten percent of all government spending is lost due to fraud.* Because the government spends $4 trillion a year,** as much as $400 billion may be lost annually to fraud. That’s why Congress authorized the Department of Justice (DOJ) to pay whistleblower rewards up to 30 percent of the amount it recovers based upon whistleblowers reporting fraud by any government contractor under any program, such as Medicare, DOD, the military, or Homeland Security.Read more here.