Whenever the federal government does business with corporate America we have seen abuses. Sometimes the organization uses the federal government, and often the federal government uses the organization. Nonetheless, there’s frequently unscrupulous behavior behind everything. This can be a essential section of criminal law, especially with the public’s money. Let us discuss this for any minute.
There is a really interesting article the Wall Street Journal on November 23, 2010 entitled “Lawsuits Generate $3 billion for all of us,” by Evan Perez. Apparently, the united states Justice Department continues to be quite busy filing lawsuits and collecting a few of the money-back which was defrauded in the US citizen. This Year they have already collected $3 billion into the U.S. Treasury against companies who’d cheated the federal government. Fortunately for that citizen this can be a 25% increase based on the piece of the cash collected from this past year.
Now then, Let me discuss this as it were since it is quite serious. We appear to possess a problem where corporations within the U . s . States believe it is okay to cheat the citizen and also the government from money, to control contracts, and swindle the citizen. The issue I’ve is the reason why shall we be giving corporate welfare to begin with, after which being cheated by each one of these companies. And it’s not only one industry, it takes place in lots of industries.
A few of the greatest industries which have created fraud are individuals industries most abundant in quantity of lobbyists in Washington Electricity. If the organization has gone out defrauding the citizen, and they have been giving money to congressmen and senators, then this can be a best example of in which the problem lies. Let’s say we simply stopped supplying corporate welfare? Let’s say the federal government stopped wasting our money and allowing this abuse? The corporations clearly feel they are able to have anything they can pull off, and when they are not caught it does not matter.
Why else are they going to try these sneaky and underhanded things? And every time a company pays an excellent and settles from court, they are doing so without acknowledging guilt, however they go directly on doing exactly the same factor again, and if they’re good for a few more years, people forget, and the other company steps to the plate and defrauds our citizenry and treasury. This really is unacceptable, since many would agree and therefore the instances involved in connection with this, our great situation studies for criminal law students searching at financial fraud.
In the end, it’s a criminal act to swindle the citizen, but we do not do much about this. It does not appear anybody will jail, although the Food and drug administration, SEC, FAA, DOD, have fully documented each one of these problems. Now then, not every one of these cases involved ripping from the government, most of the cases were just ripping from the citizens, overcharging them, misrepresenting services and products – however that does not allow it to be okay either. Many corporations repeat the government is happening a witch search, and perhaps that’s true, but in some cases there really quite a bit of fraud happening, and it must stop.