Fca Enforcement News Today

Increase in individual whistleblower plaintiffs and individual defendants in False Claims Act FCA lawsuits in fiscal year 2022 shows that individuals continue to play an essential role in FCA cases. Whistleblowers filed 652 FCA suits in 2022, resulting in 1.9 billion.

The Financial Conduct Authority (FCA) failed to protect British Steel Pension Scheme (BSPS) members from “unscrupulous financial advisers” who were financially incentivised to provide unsuitable advice, and the regulator was “behind the curve” in its response, according to a report by the Public Accounts Committee (PAC).

Monday, March 8, 2021 In a letter sent to Merrick Garland last month, Senator Chuck Grassley (R-IA) urged the U.S. Attorney General nominee to ensure enforcement of the False Claims Act (“FCA”). In the February 4th letter, the Senator called the FCA “one of the most important pieces of legislation that I have worked on during my time in Congress.” He noted that the FCA has returned “more than $64 billion” to taxpayers since the passage of the 1986 FCA amendments he aut...