False Claims Act Update & Alert
	Taxpayers Against Fraud Education Fund | Washington, D.C. | WWW.TAF.ORG           November 7, 2011
	.
	.
		Subscribe to this FREE Newsletter Enter your Email Powered by FeedBlitz n TAF Home Page n Previous Newsletters n Email editor   Please take a moment to forward this FREE electronic newsletter to others that might be interested!	False Claims Act Returns $4 Billion to Federal and State Governments In FY 2011, federal and state False Claims Act cases returned over $4 billion back to U.S. taxpayer-funded programs. This sum does not include criminal fines, but does include several large state False Claims Act settlements, including over $300 million recovered by the state of California in a series of laboratory fraud cases.  The largest fraudster nailed in FY 2011 -- GlaxoSmithKline -- is likely to be the largest fraudster nailed in FY 2012 as well.  See below for more details about that case, whose settlement is projected for next year.
			Glaxo Agrees to $3 Billion Settlement GlaxoSmithKline has announced that it has reached a $3 billion "agreement in principle" to settle federal government investigations into drug sales, marketing practices and overbilling of Medicare and Medicaid.  Among the drugs covered in this settlement are Avandia, Wellbutrin, and Paxil. >> To read more
			New York City to Pay $70 Million New York City has agreed to pay the federal government $70 million for engaging in a long-running billing scam in which it charged the federal government as much as $150,000 a year for services that should have cost half as much. The whistleblower and lawyers will share a $14.7 million award for bringing the evidence to the U.S. Government and helping bring and build this case.  >> To read more
			Feds File $830 Million Claim Against Allied Home Mortgage The U.S. Department of Justice has filed a False Claims Act case against Allied Home Mortgage Capital Corp, and two top executives, accusing them of running a massive fraud scheme that cost the government at least $834 million in insurance claims on defaulted home loans. Over 31 percent of Allied's FHA loans defaulted.  >> To read more
			BNY Mellon Is Negotiating With U.S. Bank of New York Mellon is said to be in talks with federal prosecutors to resolve a civil lawsuit that accuses the bank of fraudulently overcharging clients in foreign currency trade.  The federal talks have no impact on the state cases filed and joined in New York, Florida, California, Virginia, and Arkansas.  In the New York case alone, the Attorney General is seeking a total of more than $2 billion in damages. >> To read more
			.