Friday, June 9, 2017

False Claim Act Recoveries: The United States Has Recovered More Than $50 Billion Through the Federal False Claims Act By False Claims Act Whistleblower Reward Lawyer

False Claims Act Recoveries: The United States Has Recovered More Than $50 Billion Through the Federal False Claims Act By False Claims Act Whistleblower Reward Lawyer

Since 1986, the Civil Division of the Department of Justice, working with U.S. Attorneys across the country, has returned tens of billions of dollars to the federal Treasury through civil and criminal judgments and resolutions in affirmative cases. This amount includes more than $53.6 billion recovered by the Division and the U.S. Attorneys under the False Claims Act. Last year alone, the government recovered more than $4.7 billion under the Act—the seventh straight year that the Department has recovered more than $3 billion of taxpayer funds. Similarly, in each of the last seven fiscal years, the government’s health care fraud recoveries have equaled or exceeded $2 billion. In addition, in FY 2016, the government recovered more than $6.6 billion from banks and other financial institutions making false statements and claims.

Professionals, who are aware of significant fraud schemes against the government, can earn large financial rewards and help the United States by properly exposing this fraud.  For more information on the Federal False Claims Act and Whistleblower Reward Laws, please go to the following web pages: The Federal False Claims Act and Whistleblower Reward Laws

The False Claims Act Whistleblower Reward Law and Other Whistleblower Reward Laws

Under Federal law, whistleblower recoveries can come through four different whistleblower recovery laws.  The Federal False Claims Act is the oldest of the laws and under this law the Federal Government has brought in over $50 Billion.  Under this law successful whistleblowers have been awarded over $5 Billion and these whistleblower rewards are expected to continue to expand as many states are enacting their own false claims act laws.  The Federal False Claims Act was recently amended by the Federal Enforcement and Recovery Act (FERA) including expanding the reach of the Federal False Claims Act to include subcontractors working under a government contractor and other parties working with government contractors.  The Federal False Claims Act was also expanded protection for employee whistleblowers.   States have also been encouraged through economic incentives to enact their own Medicaid False Claims Act whistleblower recovery laws.  These state whistleblower recovery laws must be at least as strong as the Federal False Claims Act whistleblower reward laws for the state to receive the increased economic benefits from the Federal Medicaid Fraud Recovery Program.

With the ever increasing cost of medical care and government programs such as Medicare and Medicaid as well as an increased military budget, it is now more important than ever to crack down on fraud against the United States that costs us over $100 Billion a year.

For more information on Whistleblower Reward Laws, please also feel free go to the following web site: Federal Government Fraud Whistleblower Reward Information.

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