U.S. businesses will be met with much higher penalties for violations of export controls according to Matthew Axelrod, the U.S. Commerce Department’s Assistant Secretary for export enforcement. Export controls have now become a critical method by which the U.S. seeks to curb Russia and China from obtaining high level technology to advance their weapons and AI capabilities. An article published by NYU Law in November suggests that the Foreign Corrupt Practices Act cases, which deal with foreign bribes, have fines in the billions of dollars, in the export-control space much smaller fines have been the norm. 

Whistleblowers who submit detailed and relevant information on such export control violations may be entitled to between 10 and 30 percent of the fines imposed by the Government upon finding the violations. Those who advance these claims through counsel have a right to retain the confidentiality of their names and identities.

Jeffrey Newman Esq. and members of his firm represent whistleblowers under the SEC, CFTC and FINCEN whistleblower programs. Persons providing original information to these agencies through counsel may receive rewards totaling up to 30 percent of a successful recovery made by the SEC, CFTC OR FINCEN and the names and identification of the whistleblowers are kept confidential. His firm also represents whistleblowers in healthcare fraud cases relating to Medicare of Medicaid. Attorney Newman can be reached at Jeff@Jeffnewmanlaw.com or at 617-823-3217