Originally published February 23 2006
Experts predict 2006 will see a major boost in False Claims Act recoveries
by Mike Adams, the Health Ranger, NaturalNews Editor
The Corporate Crime Reporter indicates that 2006 could be a record year for False Claims Act recoveries, with increases expected in the health care sector.
This could be a record year for False Claims Act recoveries.
The government has already recovered $1 billion in the first three months of FY 2006 -- out of $17 billion recovered since the passage of the False Claims Act amendments in 1986.
And 80 percent of all False Claims Act cases are now filed in the health care arena.
"The scale of fraud in the prescription drug arena is breathtaking," notes Jim Moorman, president of Taxpayers Against Fraud, a group set up by plaintiff lawyers to track and defend the law.
Other large False Claims Act cases in the first three months of FY 2006 include a $124 settlement with King Pharmaceuticals, a $40 million settlement with Erlanger Medical Center in Tennessee, a $24.75 million settlement with various companies defrauding Amtrak, and a $62.55 million settlement with Tenet Healthcare.
In the first two weeks of January, an additional $42 million was recovered from ABN AMRO Mortgage Group, and a $25 million settlement was announced involving four national accounting firms that had been pocketing travel rebates that should have gone back to the U.S. government.
The Government awaits a judge's decision in a False Claims Act case involving hundreds of millions of dollars allegedly stolen from U.S. taxpayers by United Technologies and Pratt & Whitney during the Alternate Fighter Engine program of the 1980s.
A June trial date has been set in a large case involving Medco Health Solutions.
In this case, the Government has joined a whistleblower lawsuit that alleges that Medco defrauded hundreds of millions of dollars from Medicare, Medicaid and other federal health care programs.
A June trial date has been set in a case involving Wall Street financier Mario Gabelli and various companies he owns.
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