Record DOJ Fraud Recoveries Underscore Need For Robust Corporate Compliance Programs

The Justice Department announced Tuesday that during the past fiscal year, it recovered over $5.6 billion in criminal and civil fraud cases.¹ That $5.6 billion figure is the highest in the history of the DOJ, representing civil recoveries of approximately $3.4 billion and criminal recoveries of approximately $2.2 billion.² These massive numbers underscore the need for companies, their officers and directors to design, implement, and update robust compliance programs to ensure that they do not run afoul of the myriad federal and state statutes that have recently tripped up major global companies, leading to recoveries in the hundreds of millions and, in certain cases, prison terms for executives.