Representing International Whistleblowers Pursuing Rewards under the Foreign Corrupt Practices Act (FCPA)
Whistleblowers are the last line of defense against foreign corruption and can combat the threat to democracy across the globe.
The Foreign Corrupt Practices Act (FCPA) is the first American law that gives full protection to foreign nationals for reporting bribes and contains extraordinary procedures for their protection. There are substantial financial rewards and protection against retaliation in these cases. The SEC and other U.S. agencies run independent whistleblower offices. They work to protect insider anonymity and prohibit retaliation. They investigate the allegation and coordinate rewards for quality information on fraud and bribery.
Kohn, Kohn & Colapinto currently represents clients in several countries where whistleblowers must remain anonymous to protect their lives. KKC has arranged for SEC officials to meet secretly face-to-face with major whistleblowers at international locations for which the SEC officials have agreed to honor complete confidentiality.
Since 2011 3,305 whistleblowers from 119 countries outside the U.S. have filed claims under the FCPA whistleblower reward program. In one case, non-U.S. citizens received over $30 million for reporting bribes paid overseas.
FCPA attorney Stephen Kohn adds “[Whistleblowing] done correctly, an employer never learns the identity of the whistleblower and thus, traditional employment relations cases become relics of a time when whistleblowers lacked safe, confidential and effective reporting mechanisms.”
Why choose Kohn, Kohn & Colapinto as your foreign corruption attorney?
Experienced whistleblower attorneys – At Kohn, Kohn & Colapinto earned the reputation as the premier whistleblower attorneys by winning for whistleblowers for over 30 years.
Leading role in shaping the federal laws that protect and reward whistleblowers. Kohn, Kohn & Colapinto’s dedication to assisting whistleblowers led us to take a leading role in shaping the federal laws that protect and reward whistleblowers. The partners at Kohn, Kohn & Colapinto work pro bono with Congress to include strong whistleblower protections in reform legislation including the Dodd-Frank Act, the Whistleblower Protection Enhancement Act, the Sarbanes-Oxley Act, the Consumer Product Safety Act, the federal stimulus laws, and the Civil Rights Tax Relief Act. Our attorneys often testify in Congress to defend whistleblowers rights and advocate for effective legislation.
We wrote the book on whistleblower law – The partners at Kohn, Kohn & Colapinto, LLP wrote the leading books on whistleblower law and pioneered the practice area of whistleblower law. Beginning in 1985 with the first legal treatise on whistleblower law, and continuing through 2017, KKC partners have published eight groundbreaking books covering the full range of whistleblower law.
How do I qualify for a reward under the foreign corrupt practices act?
The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates the SEC to pay rewards to whistleblowers who voluntarily disclose original information regarding violations of the Foreign Corrupt Practices Act that leads to a sanction exceeding $1 million.
The amount of the reward ranges from 10 to 30 percent of the amount recovered by the SEC as a result of the information the whistleblower provides. The significance of the information provided by the whistleblower, the degree of assistance provided by the whistleblower, and the interest of the SEC in deterring future violations of securities laws determine the amount of the reward.
If you have knowledge of Foreign Corrupt Practices Act violations and would like to know how Kohn, Kohn & Colapinto can help you, please contact us by completing our Consultation Request Form.
See our Foreign Corrupt Practices Act Resource Page to get more information on the law and how it protects and rewards whistleblowers. Also, visit The Qui Tam and Whistleblower Blog for the most recent FCPA cases and the latest news.
For foreign nationals, this website has translated the FCPA law for your convenience.