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The High Cost of Corporate Fraud: $3.5 Trillion

The whistleblower lawyers of Keller Grover discuss the potential cost savings of fraud prevention and accountability measures.

04/09/2013 // Whistleblower Law Firm // Keller Grover // (press release)

Corporate fraud costs businesses in the United States an estimated $3.5 trillion each year, according to the Association of Certified Fraud Examiner’s “Report to the Nations on Occupational Fraud and Abuse.” The financial losses attributable to this kind of fraud within corporations affects job creation, employment rates, worker incentives, and a host of other factors that make for a thriving economy. Significantly, the fraud examiners noted that the best way to identify this kind of destructive fraud was insiders alerting them to it. In other words, whistleblowers.

Whistleblowers are equally effective when the fraud they are witnessing is by their employer against a governmental entity. Overcharging for products or services contracted to the government, doctoring statements to reflect inaccurate accounting, and substituting lower quality products than the ones charged for in building projects are just a few examples of the ways businesses have taken advantage of their relationship with the government. Blowing the whistle on fraud of this type may be an intimidating thing to take on, but laws are in place that provide protections as well as financial incentives for workers who choose to do so.

The whistleblower lawyers of Keller Grover are available to help those who may have information about fraud related to government contracts or the unethical business practices of their employer. If you would like to discuss these matters with a legal professional who could help you, contact the California whistleblower law firm today for a free, confidential consultation. We will evaluate your claim and help you assess what next steps you can take in the fight against corporate fraud.

Media Information:

Address: 965 Market Street, San Francisco, CA 94103
Phone: 866.486.1537
Url: whistleblower lawyers

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