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Speaking Point: 1) Enacted in 1863 by President Abraham Lincoln, the False Claims Act (“FCA”) enables Federal Government as well as certain States to combat fraud through whistleblower initiated suits in areas including but not limited to Healthcare Fraud, Defense Contracting, Financial Industries (i.e.-TARP and Mortgages) and General Services Administration (“GSA”) Speaking Point: 2) With the recovery success of the FCA, the Internal Revenue Service (“IRS”) and the Security Exchange Commission (“SEC”) have adopted whistleblower – reward programs to combat fraud Speaking Point: 3) The dichotomy of having the courage to bring about justice versus the potential fear of retaliation and isolation is a major concern when deciding to blow the whistle Speaking Point: 4) The are psychological and financial considerations when deciding whether or not to “do the right thing” Speaking Point: 5) Altruism should prevail over being a “team player” Speaking Point: 6) The upside of a potential substantial relator (whistleblower) award versus possible career ending blacklisting Speaking Point: 7) The whistleblower big difference: Illegal v. Immoral Speaking Point: 8) Recently announced healthcare fraud whistleblower settlements include $3 billion with GlaxoSmithKline (“GSK”) and $780 million with Amgen for illegal drug marketing
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