Governments Recover Over $9 Billion Through FCA Cases In FY 2012
Federal and state governments recovered more than $9 billion in fiscal year 2012 from cases brought under the federal False Claims Act and similar state laws, a leading watchdog group reported this week.
Health-care fraud led to the bulk of FCA recoveries, according to the report from Taxpayers Against Fraud. But TAF President Kristin Amerling noted an increase in cases alleging banking, mortgage and pension fraud as well.
The largest recovery came from GlaxoSmithKline, which paid $3 billion to settle illegal-marketing claims.
TAF also noted that just a week into the new fiscal year, $3.5 billion in FCA settlements “lie just ahead.”
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