When the U.S. Congress enacted the Dodd-Frank Act, it created a confidential reward program that pays whistleblowers – both American and foreign – who provide information to the U.S. Securities and Exchange Commission (SEC) relating to securities violations by SEC-regulated companies and firms. This program has paid out more than $150 million so far to whistleblowers. International whistleblowers and expatriates can be particularly helpful in providing tips related to corporate bribery overseas. The SEC can use information relating to the bribery of foreign officials to bring Foreign Corrupt Practices Act (FCPA) cases against companies. As long as the case resolves for more than $1 million – which occurs in the vast majority of all FCPA company settlements, with many settling in the tens of millions and some even in the hundreds of millions – then the individual providing the bribery information may be entitled to a reward ranging from 10% to 30% of the total amount collected by the U.S. government.
Foreign and overseas whistleblowers who have corporate bribery information to report can reap millions in rewards. Hundreds of foreign and overseas tips already have been submitted via the SEC’s Dodd-Frank reward program. If current or former employees have information relating to their companies (or affiliates or agents of their companies) making payments or giving something of value, such as a trip, gift, or a job, to government officials, then they should feel free to email me at email@example.com, as this could be valuable information. Moreover, rewards are not limited to current or former employees. Almost anyone (with just a few minor exceptions) is eligible to receive a reward if he or she has qualifying information. For more information and details about how the reward program applies to FCPA whistleblowers, please click here.