Justice Department Fraud Division Outlines Corporate Enforcement Priorities
Assistant Attorney General Colin M. McDonald of the U.S. Department of Justice’s National Fraud Enforcement Division released a memorandum on corporate enforcement priorities, the agency announced.
According to the announcement, the memorandum outlines the division's commitment to prosecuting fraud across the United States regardless of size or complexity. The division stated that its efforts aim to restore public confidence in the stewardship of taxpayer funds.
The department cited estimates from the Government Accountability Office indicating that annual federal government losses due to fraud range between $233 billion and $521 billion, with some models suggesting higher figures. The division stated that its personnel will focus on pursuing individuals and corporate entities that defraud public funds and impact the health, safety, security, and economic well-being of the public.
US Department of Justice
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