Via America’s Lawyer: Two whistleblowers who uncovered a massive fraud scheme at the medical supply company that they worked for have been awarded a two and a half million dollar reward for their efforts. Mike Papantonio explains more.
*This transcript was generated by a third-party transcription software company, so please excuse any typos.
And finally tonight, some good news. Two whistleblowers who uncovered a massive fraud scheme at the medical supply company that they worked for have been awarded a two and a half million dollar reward for their efforts. The company at the heart of the fraud is called Orthofix. And according to an announcement from the securities and exchange commission, the company was engaged in fraud in Brazil, where they would, they would pay doctors to buy their equipment. And then they would create a fake invoice with higher prices put on that invoice that they would submit to the SEC and by doing that, the company over-inflated the value of their company and they became more attractive to investors. It was a total scam.
The two whistleblowers who brought this fraud to the SEC’s attention were actually independent analyst who noticed irregularities in the findings and under the rules of whistleblowing and government fraud cases, they’re entitled to a portion of the $14 million that the SEC recovered. Let this serve as a lesson, if you know a fraud being committed against the government, not only should you report it because it’s illegal, but, but you should also, you can also be compensated for doing the right thing. And a lot of times that’s a rarity in America’s culture.
That’s all for tonight. Find us on Twitter and at Facebook on facebook.com/rtamericaslawyer. And you can watch all RT America programs on Direct TV channel 321 and also stream them live on YouTube and be sure to check out RT’s new portable app, where you can watch all your favorite shows. I’m Mike Papantonio, and this is American’s Lawyer where every week we tell you the stories that corporate media is ordered not to tell because their advertisers won’t let them or because their political involvement won’t let them tell the entire story. Have a great night.