you were hunt what course of action would you follow at the end of the case?

What is the False Claims Act?

The United States joined the civil fraud case, which raised claims under the False Claims Act, a federal law designed to recover money taken from the government by fraud, and discourage further wrongdoing. Whistleblowers can receive up to 25 percent of settlement amounts in such cases.

How much did Citigroup lose in 2008?

This was more than four years after the nation’s housing downturn began, and nearly three years after a global financial crisis that resulted in Citigroup losing $27.7 billion in 2008 and accepting $45 billion of taxpayer bailouts. Advertisement.

Introduction

We all expect our workplace’s corporate culture to champion honesty and behaviors that are ethical and free from immoral, unethical, or even illegal activity.

Sizing It Up

Where you are seeing or sensing a breach, you likely need to make some early determinations.

Reporting Lines

If you suspect some type of a breach has taken place, there are a number of decisions to be made, including whether to report up the chain of command, seek the ear of a chief compliance officer, or go directly to a top executive.

Talking Compliance

Even if you suspect that the top executive may in some way be implicated, it’s highly unusual to find that the chief compliance officer is also compromised, so reaching out to him or her is wise, according to Cipperman.

Should I Stay or Should I Go?

If you have reported what you believe to be a significant breach or problematic activity, you must then decide whether to stay or leave the company.

Culture Club

Assuming you have chosen to leave your employer or are still employed but very actively looking for a new gig, how can you assess the ethical culture at a prospective new employer?

About the Author

Lori Pizzani is an independent business and financial journalist based in Brewster, New York. . . . Show More