Qui tam and whistle blowing Assignment Example | Topics and Well Written Essays - 500 words

Qui tam and whistle blowing - Assignment Example Having a system that allows for anonymous reporting of frauds should be incorporated especially in the private sector to check the massive loss of taxpayer money. This paper briefly looks at a scenario touching on Qui tam and seeks to give a recommendation on its place in the corporate world. Joseph Wellington definitely handled the question satisfactorily or even appropriately; he just spoke of the need for sufficient grounds to initiate a qui tam. He did not explain briefly what it is, its merits, and what the policy of his firm in whistle blowing is. Having a credible case could be a policy but it should be part of a more elaborate policy for Josephs’ organization. The first step in answering the question would be to explain briefly what Qui tam is and how it applies to the organization. Qui tam is a provision within the federal claims act modified in 1986, which grants a whistleblower who initiates a qui tam (a suit) on behalf of the United States government between 15 and 25 percent of funds, the federal government recovers. The government recovers these funds due to the actions and evidence of the whistleblower against fraudulent claims that lead to wastage or loss of federal funds to entities that make false claims against it. The company policy on Qui tam is open; you can initiate legal proceedings whenever there is sufficient evidence to suggest false claims were made against the federal government. Workers are protected in the event that they take Qui tam action against the company. However, all employees must take the requisite steps to ensure this is not abused and that company secrets are kept that way (Johnson, 2003). The company sh ould have a policy for whistle blowing which can be done securely and anonymously without exposing the whistle blower. This; Mr. Joseph should have said is part of the company’s fraud reduction strategy which could end up saving the company rather than an uncomfortable topic to be brushed over. Whistle