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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJustice Department Collects More Than $15.3 Billion in Civil and Criminal Cases in Fiscal Year 2016
https://www.justice.gov/opa/pr/justice-department-collects-more-153-billion-civil-and-criminal-cases-fiscal-year-2016Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Wednesday, December 14, 2016
Justice Department Collects More Than $15.3 Billion in Civil and Criminal Cases in Fiscal Year 2016
Largest Settlements Derived From Cases Related to the Financial Crisis
Attorney General Loretta E. Lynch announced today that the Justice Department collected more than $15.3 billion in civil and criminal actions in fiscal year (FY) 2016 ending Sept. 30, 2016. The $15,380,130,434 in collections in FY 2016 represents more than five times the approximately $3 billion appropriated budget for the 94 U.S. Attorneys offices and the main litigating divisions of the Justice Department combined in that same period.
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Civil collections account for more than $12 billion of the total collected and were from affirmative civil enforcement cases, in which the United States recovered government money lost to fraud or other misconduct or collected fines imposed on individuals and/or corporations for violations of federal health, safety, mortgage, financial, civil rights or environmental laws. In addition, civil debts were collected on behalf of several federal agencies, including the U.S. Department of Housing and Urban Development (HUD), Health and Human Services, Internal Revenue Service, Small Business Administration and Department of Education.
Among the largest settlements: the $2.96 billion settlement with Goldman Sachs Group (Goldman Sachs), the $2.6 billion settlement with Morgan Stanley & Company (Morgan Stanley), and the $1.2 billion settlement with Wells Fargo Bank, N.A. (Wells Fargo), all of which related to practices arising from residential mortgage lending activities.
(snip)
The department also continued to collect monies that will go for penalties and natural resource restoration efforts for the largest environmental case in history, including the landmark $20.8 billion settlement with BP approved by the court earlier this year. The department collected nearly $378 million in FY 2016 scheduled payments to resolve these and other civil claims from the 2010 Macondo well blowout and the massive Deepwater Horizon oil spill that followed in the Gulf of Mexico.
More than $3 billion of the total was collected in FY 2016 from criminal cases, including the more than $772 million criminal penalty assessed against Alstom S.A., a French power and transportation company charged by the District of Connecticut in a foreign bribery scheme. The fine was the largest, ever, to resolve a foreign bribery case.
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Justice Department Collects More Than $15.3 Billion in Civil and Criminal Cases in Fiscal Year 2016 (Original Post)
nitpicker
Dec 2016
OP
nitpicker
(7,153 posts)1. Will the totals decrease when Trump takes over?
I suspect so...