Mr.Tee
The U.S. Justice Department has introduced its first whistleblower program offering monetary rewards to individuals who report specific corporate misconduct. The initiative aims to increase pressure on companies facing allegations of wrongdoing by incentivizing insiders to come forward. Whistleblowers providing original information leading to asset forfeiture can receive a portion of the penalty, with rewards up to 30% for the first $100 million forfeited and up to 5% for amounts between $100 and $500 million. The program, running initially for three years, targets misconduct not covered by existing whistleblower programs, including foreign corruption, healthcare fraud against private insurers and certain financial crimes.
