Kentucky Speaker of the House Greg Stumbo said he will file legislation to give whistleblowers strong financial incentive to step forward if state tax dollars are being misused.
Stumbo, a Democrat, said his False Claims Act would root out fraud and potentially reduce the state’s budget deficit by millions of dollars.
He said it would “extend far beyond Medicaid” to be used “anywhere fraud with state tax dollars is taking place.”
The federal government created a false claims act in 1986, and several other states now have similar laws.
Those found guilty would be liable for up to three times the amount they had fraudulently billed the state; whistleblowers will be eligible to receive anywhere from 15 to 30 percent of the money recovered as a reward.
Topics Legislation Fraud
Was this article valuable?
Here are more articles you may enjoy.
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Anthropic Plans Wide Release of Mythos-Level AI Models in Weeks 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
