Can a whistleblower collect a reward?

It is possible for whistleblowers in the state of Virginia to collect a reward. Under the Virginia Fraud Against Taxpayers Act (VFATA), anyone with knowledge of fraud against the state government or a public body can collect a reward if their information leads to a successful recovery of state funds. For cases in which the state recovers more than $2 million, the whistleblower can collect up to 10 percent of the total sum recovered by the state. Awards for successful whistleblowers are also available in cases involving fraud against federal funds or programs. The Virginia Whistleblower Protection Act also provides certain protections for whistleblowers in the private sector. Under this act, employees can potentially collect monetary rewards when they report certain types of violations, such as securities fraud. The reward in this situation may be between 10 and 30 percent of the total sum recovered. However, the employee must have provided information that was essential to the success of the case in order to be eligible for the reward. Overall, it is possible for whistleblowers in the state of Virginia to receive monetary rewards for their information. By law, Virginia provides protections for whistleblowers who report fraud against state or federal funds, as well as those who report certain types of violation in the private sector.

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Can a whistleblower collect a reward?

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