On February 7, the U.S. Department of Justice (DOJ) announced that settlements and judgements under the False Claims Act (FCA) exceeded $2 billion for the 2022 fiscal year. The 2022 fiscal year also had the second-highest number of settlements and judgments for any given year in the history of the act.i
This news reflects the increasingly firm stance the U.S. government has taken on cases involving fraud against the government. Notably, President Biden’s most recent State of the Union Address was heavy with themes of holding businesses accountable for fraudulent or exploitive behavior.ii In addition, the DOJ has signaled multiple times since the beginning of March that the department will increase focus on corporate compliance and enforcement actions that combat corporate fraud. For example, on March 2, Deputy Attorney General Lisa Monaco, delivered remarks at the American Bar Association’s National Institute on White Collar Crime where she announced department updates related to combatting corporate crimes. The updates included the addition of 25 new prosecutors to the DOJ’s National Security Division “who will investigate and prosecute sanctions evasion, export control violations and similar economic crimes.” Deputy Attorney General Monaco also stated in her speech that “increasingly, corporate criminal investigations carry profound national security implications.”iii That same day, the Department of Commerce, the Department of Treasury, and the DOJ issued a Joint...
BJP leader and former Union Minister Ravi Shankar Prasad on Sunday accused Congress leader Rahul Gandhi and RJD’s Tejashwi Yadav of repeatedly spreading “falsehoods” about the EC, saying their all...