Rolling Stone’s Matt Taibbi just wrote a wonderful article entitled The Pentagon’s Bottomless Money Pit that shows how the Pentagon overpays, loses, and generally wastes billions upon billions of taxpayer dollars. As Taibbi writes, there is no incentive for the Pentagon to change because politicians receiving campaign money from military and government contractors want the system to continue to operate in this wasteful manner. Politics aside, the amount of money that flows from taxpayers to the Pentagon and back out to government contractors is unbelievable. Many of those contractors are over-billing, double-billing, and or generally defrauding the government.
If you work for a government contractor, you know the amount of money the government spends on contracting with private companies. Federal government contracts are huge contracts and rife with fraud. National defense, janitorial services, transportation, weapons, uniforms, food, roads, bridges, tunnels. The False Claims Act prohibits purchase and procurement fraud, contract compliance violations, kickbacks, over-billing and double billing. Government contractors take advantage of the size of government contracts and the lack of government oversight to bilk the government of billions of dollars each year. This fraud, waste, and kickbacks costs taxpayers billions of dollars each year.
The government provides massive financial incentives to individuals who blow the whistle on fraud, waste, and kickbacks in government contracting. Whistleblowers receive millions in awards (usually 15 to 30 percent of the government’s recovery) for blowing the whistle and suing government contractors on behalf of the government.
With such huge financial awards, there is no need to stay silent when you see your company or other companies defrauding the government.
If you come across or suspect any government contractor fraud, contact Klaproth Law for a free, confidential consultation.
You can submit a confidential tip here.
