Fraud Settlements in U.S. Government Cases Exceed $3 Billion
The amount the U.S. obtained in cases involving fraud against the government held steady at about $3 billion in fiscal year 2011, which ended Sept. 30.
The recoveries under the False Claims Act included $2.4 billion in fraud involving federal health care programs, Assistant Attorney General Tony West, who heads the Justice Department’s civil division, said at a briefing today in Washington.
Most of the cases resulting in recovered funds were brought to the government by whistle-blowers, according to the Justice Department. Whistle-blowers can pursue fraud claims under the act on behalf of the federal government and then share in any recovery.
The Justice Department has recovered $8.7 billion under the False Claims Act since January 2009, the largest-ever three-year total, West said.
To contact the reporter on this story: Seth Stern in Washington at sstern14@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
Rate this Page