In 2023, the number of federal corporate prosecutions remained far below the 25-year average after two consecutive years of increases.
..The DOJ’s Fraud Section secured just $690 million in penalties across eight corporate resolutions in 2023, marking the first time total fines dipped below $1 billion since at least 2015. However, convictions at trial remain historically high despite dropping year-over-year.
..The U.S. government and whistleblowers were parties to a record 543 False Claims Act settlements and judgments during the fiscal year that ended Sept. 30, 2023. These settlements and judgments recovered over $2.68 billion, reflecting the DOJ’s focus on key enforcement priorities, including fraud in pandemic relief programs.
..The balance of 2024 is seen as a crucial period for the DOJ to assert its authority in holding corporate criminals accountable
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