Qui Tam Recoveries Reach $2.2 Billion For 2022
The Department of Justice (DOJ) recently released a press release regarding qui tam settlements in the fiscal year 2022. Qui tam is a law that allows people to sue on behalf of the government to recover funds that have been wrongfully obtained by fraud. The False Claims Act is the most commonly used qui tam law, and it has been a powerful tool for the DOJ in combating fraud against the government.
A Recent Record In Recoveries
The press release from the DOJ announced that settlements and judgments from False Claims Act cases totaled more than $2 billion in fiscal year 2022. This is a significant increase from the previous year, when qui tam settlements and judgments totaled just over $1.2 billion. For decades the False Claims Act (“FCA”) has proven to be a crucial tool in the fight against companies and individuals who would defraud the government and misuse taxpayer funds. More than 600 whistleblowers filed claims during 2022; another sign that the DOJ and US Attorneys’ offices around the country are actively and diligently supporting claims, and that fraud continues to be rampant in sectors including defense, contracting, and health care. The DOJ cited specific settlements in qui tame cases in Medicare and Medicare abuse, drug pricing, unlawful kickbacks, covid relief, and small business set-aside contracts.
Whistleblowers Crucial In The Fight Against Government Fraud
The increase in qui tam awards is a testament to the success of the False Claims Act in curbing fraud and recovering taxpayer money. Qui tam plaintiffs are essential to the success of the False Claims Act, and the FCA ensures that whistleblowers share in the ultimate recovery. Without qui tam plaintiffs, many of the frauds that the DOJ was able to uncover in fiscal year 2022 would have gone undetected. For qui tam plaintiffs, the financial rewards for their brave actions can be very rewarding. Depending on the outcome of the case, a qui tam plaintiff can receive up to 30% of the total recovery. This means that if the DOJ recovered $2 billion in fiscal year 2022, qui tam plaintiffs could have received up to $600 million in awards for this year alone.
Now Is The Time To Contact A Law Firm If You Have Information About Government Fraud
At our qui tam plaintiffs law firm, we understand the importance of qui tam plaintiffs and the role they play in protecting taxpayers from fraud. We are committed to helping qui tam plaintiffs receive the maximum reward for their brave actions. With our experienced attorneys and extensive knowledge of the False Claims Act, we can ensure that qui tam plaintiffs receive the full compensation they deserve for their hard work and dedication. The press release from the DOJ regarding qui tam settlements in fiscal year 2022 is a testament to the success of the False Claims Act. Qui tam plaintiffs should be commended for their bravery and dedication to justice. At our aw firm, we are dedicated to helping qui tam plaintiffs receive the maximum reward for their hard work. If you are a qui tam plaintiff and are looking for legal representation, contact us today to see how we can help. Alter the post to discuss some examples of settlments included in the press release
At Price Armstrong, we have extensive experience representing whistleblowers under the False Claims Act. Contact us today for a free initial consultation and review of your case.