With recoveries already totaling over half a billion in Fiscal Year 2015, the False Claims Act recovered over $225 million in December alone.
In Fiscal Year 2014 the CFTC Whistleblower Office received a total of 227 whistleblower tips (up from 138 in FY2013) and issued the programs first award for information that led to enforcement action in a case dealing with numerous violations of the Commodity Exchange Act.
The U.S. Government gets back $20 for every $1 invested in False Claims Act investigations. No law is more efficient.
A seasonal story.
The "Truth in Settlements Act," is a bipartisan bill introduced by Senators Elizabeth Warren (D-MA) and Tom Coburn (R-OK) that seeks to bring more transparency to federal fraud settlements by requiring that they be posted online in a publicly accessible and searchable format. If an agency determines that some or all of an agreement should be held confidential, the Act requires the Agency to issue a brief public statement explaining why. The only opposition to this bill? The U.S. Chamber of Commerce.
Former Countrywide Financial executive Edward O'Donnell will collect more than $57 million from DoJ's record $16.5 billion settlement with Bank of America for his role in exposing the sale of fraudulent mortgage securities in the run up to the 2008 financial crisis.
Virginia Attorney General Herring has joined a whistleblower-iniated state false claims Act case filed suit against Trinity Industries for defective highway guard rail caps.
Stryker will pay $80 million, $40 million under the False Claims Act, and subsidiary OtisMed, will be excluded from doing business with Medicare, Medicaid and other government health programs for 20 years, in exchange for the Deparment of Justice not criminally prosecuting Stryker for distributing knee surgery cutting guides after they were rejected by the FDA.