InfoBytes Blog
DOJ announces Corporate Whistleblower Awards Pilot Program
Recently, the DOJ announced the launch of the Corporate Whistleblower Awards Pilot Program, starting on August 1. This initiative aims to address corporate crime by encouraging whistleblowers to submit original information about specific types of corporate misconduct not covered by existing federal programs. The program focuses on crimes involving financial institutions, foreign and domestic corruption, and healthcare fraud targeting private insurers. Whistleblowers may receive a portion of asset forfeitures resulting from successful prosecutions, with awards based on the "net proceeds forfeited." DOJ said the program complements existing voluntary self-disclosure programs and encourages internal reporting within companies. The DOJ plans to regularly evaluate the pilot program and may seek additional legislation to expand its scope.