The United States Government created the federal False Claims Act during the administration of President Abraham Lincoln. The purpose of the federal law, which has been amended several times, is to encourage whistleblowers to disclose evidence of fraud against the government in return for being awarded a percentage (10...

2016 Financial and Mortgage Fraud False Claims Act Recoveries Part of the huge success the Department of Justice had in obtaining $4.7 billion in fraud recoveries in 2016 was in the financial and housing market sectors. The DOJ recovered $1.2 billion from Wells Fargo and another $113 million from Freedom Mortgage Corp...