General Knowledge

National Report Trade Agreement Act Fraud Day 2023: Date, History, Facts about Fraud Statistics

In 2018, former Department of Justice attorney and whistleblower advocate Joel D. Hesch established National Report Trade Agreement Act Fraud Day.

National Trade Agreement Act Fraud Day is annually observed on June 26. It was founded in 2018 by whistleblower advocate and former Department of Justice attorney Joel D. Hesch to educate the public on the significance of reporting T.A.A. fraud, how to report the fraud, and the rewards available to whistleblowers. During his 15 years at the Department of Justice, Hesch helped recover $1.2 billion from individuals who defrauded the government and paid out hundreds of millions of dollars in rewards to whistleblowers.

The background of National Report Trade Agreement Act Fraud Day

In 2018, former Department of Justice attorney and whistleblower advocate Joel D. Hesch established National Report Trade Agreement Act Fraud Day. Hesch now operates a law firm that specialises in representing and assisting whistleblowers with their reward claims. In addition, he published a free e-book outlining the correct way to report fraud against the military.

When federal government contractors violate the Trade Agreement Act by providing commodities, they have committed Trade Agreement Act Fraud. The Act prohibits companies with federal contracts from utilising or supplying products imported from countries without reciprocal trade agreements with the United States; doing so is considered fraud. According to statistics, up to 10 percent of government funds are lost to fraud. It is feasible that more than $50 billion in annual military funds are lost. Consequently, it is essential to uncover such fraudulent activities. The Department of Justice provides whistleblowers with up to 30 percent of the amount they assist in recovering.

Azerbaijan Armed Forces Day 2023: Date, History, Facts, Activities

Flag Day of Romania 2023: Date, History, Facts, Activities

The Day of the Filipino Seafarer 2023: Date, History, Facts, Events

5 WHISTLEBLOWER/FRAUD STATISTICS

The average whistleblower reward is approximately $349,667.

The greatest reward for a single whistleblower case is $50 million.

The Department of Justice has recovered approximately $3 billion from whistleblower cases involving military malfeasance.

The U.S. Department of Justice has paid out $550 million in rewards for whistleblowers.

In 2021, the Department of Justice obtained over $5.6 billion in settlements and judgements from cases involving government fraud and fraudulent claims.

NATIONAL REPORT TRADE AGREEMENT ACT FRAUD DAY DATES

Year Date Day
2023 June 26 Monday
2024 June 26 Wednesday
2025 June 26 Thursday
2026 June 26 Friday
2027 June 26 Saturday
Arshiya Khan

Arshiya Khan is a Commerce graduate who loves to write on general and trending topics.

Recent Posts

How to Activate Your Academy Sports + Outdoors Credit Card for the First Time

Learn how to activate your Academy Sports + Outdoors Credit Card, complete your first login,…

14 hours ago

Everything Changing with the Citi / AAdvantage Executive Mastercard from August 23

American Airlines and Citi are refreshing the Citi / AAdvantage Executive Mastercard with new travel…

24 hours ago

Costco Shoppers Alert: Check These Frozen Burritos for a Safety Warning

Costco customers should check their freezers for select Red's Steak Cilantro and Lime Burritos. The…

4 days ago

Did You Lose Your SNAP Benefits? Eligibility and How to Get a Single $400 Payment

Illinois residents who lost SNAP benefits may qualify for a one-time $400 FRESH payment. Here's…

4 days ago

New America 250 Social Security Cards: Last Date, Eligibility and Everything Parents Need to Know

Unlike a regular Social Security card, this commemorative version comes with the official Freedom 250…

4 days ago

LIHEAP $100 Payment: Who Qualifies For Pennsylvania’s Extra Summer Energy Credit?

The state said the payment is going to the same utility company that got the…

5 days ago