While you will not know for sure how much the government is losing each year, we ask in this Fraud Reward Calculator that you make the best estimate you can. At the moment, we have not added fines, penalties, interest or other fees which the judge will likely add on top of the amount that he/she finds the violating entity responsible for paying - and you will recieve additional reward for these monies as well; but we are trying to make a conservative estimate to assist you in your decision of whether it makes sense for you and your family to work with OffRecord and look to right this wrong. So instead, this calculator merely assumes the total lost as you have summed it up, and if it is a one year occurence and you are not a participant in the neglicence or crime, the calculator has assumed a 15 to 30% reward. In our particular assumption here, we have assumed that the government's Department of Justice has declined to lead the case and your reward has been increased on the upside to the 25% to 30% levels. Which means that with external lawyers, if the judge determines the accused is guilty, instead of getting up to 25% when the government assumes responsiblity for the case your reward can increase up to 30%.
The rewards will either vary between 15% and 25% of the amount recovered by the goverment - and that is if the government intervenes in what it calls a qui tam action....or if the government DECLINEs to intervene in the action, the relator’s share is increased to 25 to 30% percent.
Under certain circumstances, the relator’s share may be reduced to no more than ten percent. If you are a participant and it is a False Claims Act situtation, judges can decrease that reward amount to 10% of the total; but for the sake of the calculators estimate, we have assumed you are NOT a participant. If it is an SEC or Tax Rewards situation, note that judges can bring the reward amount down to zero.
Lastly, we have asked you to note whether you believe this is a one time event, or a yearly occurence where we assume the government loses the exact same amount. Obviously if in the forward looking years, if the amount goes up or down, the reward would also be adjusted accordingly. The law does not specifically state how many years looking forward the judge will assume the reporting of this violation saves the government money over. So based upon our review of historic cases, we have arbitrarily assumed what we believe to be a conservative estimate of 3.5 years and multiplied that times the amount you have estimated that the government is losing annually.
Example Payments:
1. "A One Time Occurence of Fraud" Situation
If you assumed the "Annual Loss" by the government due to negligence or fraud in your case was $1M, and if you then checked the box that stated that you believed it was a "One Time Occurence" then our calculator would multiply the $1M by .15 or 15% to calculate the low end potential reward of $150,000. And it would multiply the $1M by .30 or 30% to calculate the High End potential reward of $300,000.
For clarity, this is only an ESTIMATE and it would be divided with OffRecord and taxes would be paid before reward was given to recipient.
2. "An Annual Occurence of Fraud" Situation
If you assumed the "Annual Loss" by the government due to negligence or fraud in your case was $1M, and if you then checked the box that stated that you believed it was an "Annual Occurence" then our calculator would multiply the $1M by .15 or 15% and then also multiply it by 3.5 -- which is the presumed number of years we are guessing the Judge will give you credit for assisting the government in recovering its lost money in future years --- it will then calculate the Low End potential reward of $525,000. And it would multiply the $1M by .30 or 30% and then also multiply it by 3.5 -- which is the presumed number of years we are guessing the Judge will give you credit for assisting the government in recovering its lost money in future years --- it will then calculate the High End potential reward of $525,000.
For clarity, this is only an ESTIMATE and it would be divided with OffRecord and taxes would be paid before reward was given to recipient.