Corporate Compliance

Grassley legislation helps recover $1.45 billion

Compliance Monitor, November 7, 2007

The justice department announced that $1.45 billion has been recovered by the federal treasury this year because of legislation that was sponsored in 1986 by Sen. Charles Grassley (R-IA). The recovered money came from settlements and judgments found under the False Claims Act. The $1.45 billion was linked with lawsuits that began from whistleblowers.

The amendments were originally created by Grassley and Rep. Howard Berman (R-CA) 20 years ago, giving whistleblowers the strength to file suit against those who submit false claims to federal programs, including Medicaid and Medicare, disaster assistance and other benefits, subsidies, contract payments, and grants and loans.

To read more click here

Most Popular