You might have noticed something at work that didn’t sit right with you. Someone said something suspicious, numbers didn’t add up, or people refuse to talk about certain things. All of these things may leave you wondering if your company is committing fraud.
It’s a serious accusation for a serious crime, but you might not be sure if you should report. It can be intimidating, and what if you’re wrong about your suspicions? It can be scary to think about but reporting suspected fraud is important.
If you suspect fraud in the purchase or sale of securities at your company, talk to an SEC whistleblower lawyer as soon as possible. Reporting is vital, and it can benefit you, too.
You May be Rewarded for Reporting
You may be working on the idea that no good deed goes unpunished, and it can be scary. You need your job, after all, and you might be afraid that your employer will retaliate. Fortunately, your good deed should be protected. By reporting now, you could be rewarded for your efforts.
If the company is found guilty of fraud involving federal securities violations, the SEC will collect certain fines and sanctions for their actions. When you’re compensated, you can receive compensation of around 10 to 30 percent of those sanctions. While that may not sound like much, a major company might be slapped with huge fines for their actions. In some cases, that could mean millions of dollars for you.
It may seem safer to protect your position, but the SEC takes securities violations seriously. As such, you could be facing appropriate awards for your actions.
You Could be Found Complicit
While you may be rewarded for acting appropriately, you could also be punished for not reporting fraud when you noticed it happening. If you knew about the fraud or were even involved in the fraud, you might fear the effects of your actions.
However, it will be much worse for you if you choose to participate without reporting the fraud. If you were unknowingly involved, or if you were involved under pressure from another person, you may not face any sanctions or charges for your actions. If you choose not to say anything and another person comes forward, however, that may make you more complicit in the situation.
Doing the Right Thing
While you may receive awards for reporting suspected fraud at your company, it’s also important to remember that fraud does hurt others, including you. Even if you’re involved in their fraud scheme, willingly or not, you could suffer severe consequences for their scheme.
So, protect yourself and others by reporting a tip to an attorney. They’ll evaluate your tip and decide if it’s good enough to be used against your company. If your tip helps their investigation, you’ll be awarded, and many people won’t have to face the consequences of their actions.
If you suspect that your company is committing fraud, then, don’t hesitate to tip off a lawyer. Your company could be hurting others, including you, and that must be stopped. If you’re concerned about their actions, there are plenty of reasons to report, so reach out today for help.