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False Claims Act Statistics, News & Analysis

  • 25
  • August
  • 2016

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False Claims Act Stats: With $3.2 Billion Already This Year, DOJ Likely to Match Last Year’s False Claims Act Take

By our count, so far this DOJ fiscal year, DOJ has raked in at least $3.2 billion in FCA recoveries, pulling in an average of $298 million per month. If the next month's DOJ recoveries continue on pace with the past eleven, DOJ is on track to hit about $3.6 billion in settlements for the fiscal year. That would mean DOJ would match last year’s nearly $3.6 billion take.

LLB_FCA-Recoveries-by-Fiscal-Year_Post-3
DOJ FY '16, Oct. 1, 2015 - Aug. 22, 2016

But, our estimate is conservative. We have not included any portion of Wells Fargo’s $1.2 billion settlement with DOJ because we cannot tell from public documents how to allocate the $1.2 billion between the different claims that were resolved in the settlement (FCA; Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA); Program Fraud Civil Remedies Act; and common law claims). We will wait to see how DOJ allocates that $1.2 billion in its end-of-year FCA settlement press release, but in all likelihood, a fair share will be deemed an FCA recovery, boosting DOJ’s annual recovery even higher.



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