A settlement has been reached in Whistleblower case with Monaco Enterprises Inc
The Whistleblower Institute announces that Monaco Enterprises Inc reached a $5 million settlement in a whistleblower lawsuit filed by former employees over allegations that the company overbilled military bases and other government buildings for installation of fire safety equipment.
Those who have a similar case or experienced a similar situation or any other wrongdoing within a corporation have certain options and should contact the Whistleblower Institute at firstname.lastname@example.org or call: 619-452–1218.
The settlement reportedly resolves claims that Monaco Enterprises falsely billed the government for work it never provided, hid costs from contracting officers and inflated others without requiring the company to admit wrongdoing.
The whistleblowers, former employees of Monaco Enterprises, Jason Voss, Drake Osborn and Lisa Osborn, and Maximillian Salazar III brought the suits forward alleging that for years Monaco Enterprises engaged in numerous practices designed to defraud the federal government involving Monaco’s fire safety services at military bases throughout the country.
In October 2015, allegedly the government partially intervened claiming that Monaco Enterprises routinely overcharged government agencies by 35 % or more for products Monaco Enterprises falsely claimed to have manufactured.
The whistleblowers who originally filed the case will receive between 15-25 % of the total settlement.
Based in Spokane, Washington, Monaco Enterprises Inc manufactures and installs fire and security alarm systems for industrial and the United States government facilities in the United States and internationally.
The Whistleblower Institute is an information portal for current or former employees and other people having insight information about wrongdoing and other illegal activities by individuals either individually or within corporations, through company culture and or within international affairs. Whistleblowers should keep in mind that under the Dodd-Frank Act any person who provides the Securities and Exchange Commission (“SEC”) with original information that leads to a successful enforcement action with over $1 million recovered must be awarded between 10%-30% of the total amount recovered. In order to determine the total amount of the reward there are numerous factors that need to be considered. Whistleblower actions are complex and our goal is to guide any whistleblower every step of the way. The Whistleblower Institute is dedicated to partnering with any individual who have information about fraud and we work with many of the best law firms worldwide.
Those who have a similar case or experienced a similar situation or any other wrongdoing within a corporation have certain options and should contact the Whistleblower Institute.
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