Corporate fraud is NOT rewarded according to the False Claims Act and requires different types of actions on behalf of OffRecord to present the information to the appropriate indviduals and to work to see if we can position this reporting to achieve an appropriate reward. There are different ways OffRecord can look to present this information to through an SEC Violation or class action suit upon a public company that will yield a reward; additionally, channels exist within the Dodd Frank law to reward and protect whisteblowers as well; however, the mechanisms to do so in these areas relative to those covered by the False Claims Act are slightly more complex and challenging; but equally important to see through so that "wrongs are righted". Corporations can sometimes throw back suits at the proposing party, claiming it is blackmail, no matter how small the reward or noble the service is in its effort to prevent that corporation from losing money from futher fraud; however, if we use the appropriate channels, our aim is to avoid such contentious experiences and find the right channels to minimize this risk and shorten the time to seeing a positive outcome.
The 2010 Dodd-Frank Act authorized rewards in the whistleblower program to individuals who provide high-quality original information that leads to an SEC enforcement action in which more than $1 million in sanctions is ordered. These awards range from 10% to 30% of any of the money collected by the government, and also provide for increased anti-retaliation protection and requirements that help to further protect the identity of individuals working to support the system.
As cases come in, OffRecord will thoroughly review the options and risks associated with the various courses of actions on SEC-related claims in an attempt to choose the right channels in which to communicate the fraud. OffRecord will not accept all proposals and may choose to pass on certain cases. And many of the cases that are Corporate cases, have a reasonably strong chance of settling outside of court, particularly if the evidence strongly confirms the guilt of the accused. But these cases will generally require greater effort in bringing them to a positive closure, quickly and with the appropriate reward. By working with OffRecord, you are lowering the risk of your identity being discovered on the outside - even after the case is closed -- while attempting to right this wrong.
Details on Dodd Frank Act Compliance can be found at: https://www.sec.gov/about/offices/owb/dodd-frank-sec-922.pdf