- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-10-02T17:49:00
A federal court in Florida has lashed out at federal whistleblower programs by dismissing a mundane False Claims Act case against a medical practice on the grounds that the qui tam provisions of the FCA are unconstitutional.
The ruling, handed down by U.S. District Court Judge Kathryn Kimball Mizelle for the Middle District of Florida, is just the latest attack on the popular program, which is designed to help root out abuse among businesses that contract with the federal government, including medical practices that treat Medicare and Medicaid patients, and suppliers for the Department of Defense.
The qui tam provisions give those who witness violations of the FCA the right to bring a lawsuit against alleged bad actors, and if the Department of Justice decides to pursue the lawsuit, to receive a portion of the fines. The program reaped $2.2 billion for the government in 2022, considered on the low side.
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Companies under criminal prosecution by the Department of Justice for any reason must show they have robust compliance for any artificial intelligence in use–or risk heightened prosecution–under a DOJ policy update.
Broker-dealer Nationwide Planning Associates and two affiliated investment advisers impeded potential whistleblowers from reporting misconduct to the Securities and Exchange Commission and have agreed to settle the charges for a combined $240,000.
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The Federal Deposit Insurance Corporation proposed a new rule that would require banks to keep better deposit records on ownership of funds controlled by their financial technology partners.
