On National 401(k) Day, Remember the Role of Whistleblowers
Whistleblowers not only help find fraud and help the SEC protect investors, perhaps just as importantly they provide reason to have more confidence in the markets as a whole.
The Billions Lost to Healthcare Fraud
The recovery of this lost money would be enough to pay for federal funding of substance abuse and mental health services for well over a decade.
Let's Dive Into Government-Funded Healthcare Programs
Virtually every family in America is touched by one of these programs. As a result, a fraud on any of these programs is a fraud on every one of us.
Looking at the Cost of Air Pollution on Clean Air Day
In addition to the high mortality costs, air pollution imposes a substantial burden in terms of human health and resources.
How Many Lawyers Are Involved in Prosecuting False Claims Act Cases?
Since a False Claims Act case is a filing with a court, we are going to analyze the number of lawyers involved in prosecuting False Claims Act cases.
False Claims Act Enforcement: $20 Returned for Every $1 Spent
For every $1 the federal government spends on FCA enforcement, they recover $16.33.
Looking at $3.2 Trillion in State & Local Government Spending
In fiscal year 2019, the total amount of state government spending (including all 50 states and the District of Columbia) was about $1.5 trillion.
How Much Do We Lose to Fraud?
How much is $206.4 billion dollars actually worth? It's the amount of money the federal government lost to fraud in one year.
Billions Are Lost to Fraud
If we estimate fraud is only 5 percent in 2020 when the federal expenditures totaled $6.55 trillion, taxpayer dollars lost to fraud would be $327.5 billion.
Billions in False Claims Act Recoveries
False Claims Act proceedings have proven to be a great success, restoring to federal agencies tax dollars that were fraudulently swindled away.
