(PRWEB) November 05, 2013
The Corporate Whistleblower Center says, "New York's new get-tough approach on those who knowingly violate commodity and security laws, commit tax fraud, or overbill the state for contracted services is the type of legislation that every state should have.”
Bill S4263, however, goes beyond government claims and is designed to help the New York State Department of Financial Services (DFS) identify wrongdoing within New York’s financial and insurance industries (including money laundering, mortgage fraud, and other monetary crimes) by providing hefty rewards to whistleblowers. These rewards are anywhere between 15 and 30 percent of the settlement.
The Corporate Whistleblower Center believes one of the most important features of New York’s Bill S4263 is the reward for related tax fraud, particularly when it involves two sets of financial record-keeping—one for cash transactions done “under the table” and not taxed, and another set for credit card and check transactions, which are taxed. The CorporateWhistleblower Center believes this type of tax fraud created by the underground cash economy is rampant not just in New York state but nationwide.
The Corporate Whistleblower Center says, “New York’s whistleblower laws create an enormous opportunity for honest employees to step forward, if they know their employer is running two sets of books. If you are an employee of any kind of business in New York state, and you can prove your employer is keeping separate records for cash and non-cash transactions in excess of $1 million, please call us at 866-714-6466. You can also contact us via our web site." http://CorporateWhistleblowerCenter.Com
Simple rules for a whistleblower from the Corporate Whistleblower Center:
The Corporate Whistleblower Center is the premier advocate for whistleblowers. Unlike any group in the US, they assist potential whistleblowers with packaging their information and providing the whistleblower with access to the most accomplished whistleblower attorneys in the nation. For more information, potential whistleblowers can contact the Corporate Whistleblower Center anytime at 866-714-6466 or visit http://CorporateWhistleblowerCenter.Com