Holder reports $8.8B in False Claims recoveries in 3 years

By Pete Yost Associated Press WASHINGTON (AP) -- Attorney General Eric Holder says improvements in the Civil War-era False Claims Act designed to combat fraud against the government have led to recoveries for taxpayers of $8.8 billion in the past three years -- and $30 billion since the amendments were adopted a quarter of a century ago. The law was strengthened in 1986 to provide treble damage awards to the government. The changes protect whistle-blowers with inside knowledge of fraud and provide them with an incentive to sue -- part of any money recovered. In a 25th anniversary celebration at the Justice Department, Holder said whistle-blowers have filed nearly 8,000 actions -- including a record 638 in the past year alone. Holder praised Vermont Sen. Patrick Leahy and California Rep. Howard Berman for helping pass the 1986 revisions. Published: Thu, Feb 2, 2012