Breaking News

EDF Names Jean-Bernard Levy Interim Chairman, CEO
Tweet TWEET

U.S. Recovers Record $5 Billion in Government Fraud Cases

The U.S. obtained a record $5 billion from cases involving fraud against the government in the fiscal year ending Sept. 30, an increase of almost $2 billion from the previous year, the Justice Department announced.

The recoveries under the False Claims Act included $3 billion in fraud from federal health-care programs, Acting Associate Attorney General Tony West said today at a briefing in Washington. That also marks a record for a single year.

“The department’s False Claims Act work not only protects the Treasury, but also reflects a deep commitment to protecting the health and safety of all Americans and bringing about meaningful change to eliminate cheating from business practices,” Stuart Delery, the principal deputy assistant attorney general, told reporters at the briefing.

The total for fiscal 2012 includes the recovery of $1.4 billion in housing and mortgage related cases, West said. The Justice Department has recovered $13.3 billion under the False Claims Act since January 2009.

To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net

To contact the editor responsible for this story: Steven Komarow at skomarow1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.