National Report Government Contractor Fraud Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about National Report Government Contractor Fraud Day (2024) 🗓️ that no one tells you about. National Report Government Contractor Fraud Day is celebrated on May 8th.

Among the information you’ll find below: the history of National Report Government Contractor Fraud Day, activities to do on and how to observe this holiday, as well as cool facts you might want to know about National Report Government Contractor Fraud Day.

📅 What day is National Report Government Contractor Fraud Day 2024?

In 2024, National Report Government Contractor Fraud Day is on Monday, May 8th. It is the 2nd Monday in May; in 2024, it is Wednesday. There are until the next observance. You also can learn all the exciting details and facts about May 8, 2023, that you might not be aware of.

Every year on May 8, we observe “Government Contractor Fraud Day” to highlight the issue of fraudulent activities in government contracting. It is alarming to know that out of the $4 trillion spent by the government annually, 10% of it is wasted on false invoices, resulting in a loss of $400 billion in public funds. This day aims to raise awareness among individuals and customers about the importance of being informed and helping the government eliminate scammers. As an incentive, whistleblowers who report fraud may receive up to 30% of the recovered money. However, it is crucial to report scams accurately, as incorrect reporting may lead to cases being overlooked or not compensated.

📜 National Report Government Contractor Fraud Day History

The largest reward for exposing fraudulent behavior is $150 million for a single incident. On average, a whistleblower case can result in a reward of $549,665. Hesch, while working at the DOJ, played a crucial role in recovering over a billion dollars in fraud money and compensating whistleblowers who revealed the crimes. He has authored multiple e-books that provide guidance on detecting and reporting fraud.

Hesch has noticed that many individuals with legitimate knowledge of government scams often struggle to report them accurately, leading them to miss out on potential rewards. In some cases, the government may not even initiate an investigation, and even if they do, they are not obligated to disclose their findings. Therefore, it is essential to report any fraudulent behavior in a legally proper manner to attract the attention of authorities. Apart from contractor fraud, other common scams include military fraud, I.R.S. fraud, Medicare fraud, and more.

✅ National Report Government Contractor Fraud Day Facts

🔖 Lincoln Law
The False Claims Act, commonly known as the Lincoln Law, was enacted during the presidency of Abraham Lincoln.

🔖 Billions of dollars

🔖 How did it all begin?
The False Claims Act was enacted by Congress in response to extensive fraud committed by private contractors during the civil war. These contractors dishonestly charged the government for services and goods that were either never provided or were of low quality.

👍 Why Is National Report Government Contractor Fraud Day Important

Reporting the bad actors could save taxpayers billions of dollars.It feels nice to help others.

We all support altruism, but who doesn’t like getting rewarded? The large sum can be a powerful motivator for people to keep their eyes and ears alert.

It is critical to report fraud correctly. This is because if it is not done, the government may disregard the issue, rendering all efforts futile.

🙂 How To Observe National Report Government Contractor Fraud Day

⚡ Spread the word
Joel Hesch created this day as a way to raise awareness and discourage contractors from attempting to deceive the government, as they risk being exposed by residents. You can contribute by spreading information about this cause through social media.

⚡ Stay informed
To gain insights into detecting and reporting fraud, you can explore online resources or delve into books authored by Joel Hesch, the creator of this occasion. Joel Hesch’s publications will equip you with the necessary knowledge and abilities to identify fraudulent activities effectively.

⚡ Reach out
If you’re uncertain, reach out to a whistleblower lawyer near you to discuss your worries. Share any relevant details you possess and contribute to ending fraudulent activities.

📅 When is National Report Government Contractor Fraud Day?

Explore all 🔗 May holidays, including 🔗 Special Interest and other 🔗 American holidays.

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