Corporate Compliance

DOJ recovered $1 billion in FY 2008

Compliance Monitor, November 12, 2008

The U.S. Department of Justice (DOJ) recovered $1.34 billion in fraud settlements and judgments for fiscal year (FY) 2008, according to a DOJ press release. With the addition of the 2008 total, the DOJ has recovered more than $21 billion since Congress strengthened the False Claims Act in 1986.
 
Seventy-eight percent of the money recovered in 2008 came from whistleblower cases filed by private citizens through the False Claims Act’s qui tam provision. The provision states whistleblowers will recover 15%–25% of a successful suit if the United States intervenes. In 2008, whistleblowers recovered $198 million.
 
According to the press release, the majority of false claims cases came from the healthcare industry, specifically pharmaceutical companies and other related entities.
 
To read the full DOJ press release, click here

Comments

0 comments on “DOJ recovered $1 billion in FY 2008

 

Most Popular