Justice Department Announces Receiving Nearly $6 Billion in FCA Recoveries in Fiscal Year 2014
On November 20, 2014, the Department of Justice announced it had recovered $5.69 billion dollars in recoveries under the False Claims Act (FCA) during fiscal year 2014, which ended on September 30. The largest categories were Mortgage and Housing Fraud involving federally insured loans ($3.1 billion), Healthcare Fraud involving hospitals and pharmaceutical companies ($2.3 billion), and the remainder arose from Defense Contractor Fraud and other Government Contractor Fraud.
Almost $3 billion of the FCA recoveries came from qui tam suits filed by whistle blowers (known as “relators”). For their assistance in helping the Government recover money on behalf of the American taxpayers, the relators received approximately $435 million.
To read the Government’s press release go to: http://www.justice.gov/opa/pr/justice-department-recovers-nearly-6-billion-false-claims-act-cases-fiscal-year-2014
