New Requirements and Increased Supervision Over Economic Stimulus and Bailout Funds May Increase Potential False Claims Act Liability for Recipients

16 June 2010 Publication
Authors: Michael P. Matthews Danielle R. Whitley John J. Wolfel

Financial Fraud Law Report

Foley Partner Michael Matthews, Senior Counsel Danielle Whitley, and Associates Mary Kendrick and John Wolfel authored an article titled "New Requirements and Increased Supervision Over Economic Stimulus and Bailout Funds May Increase Potential False Claims Act Liability for Recipients" in the July/August 2009 issue of the Financial Fraud Law Report. The authors discuss supervisory measures over the economic stimulus and bailout funds that could increase the risk of potential civil and criminal liability for recipients. They state that stimulus or bailout fund recipients should implement oversight mechanisms for monitoring the manner in which funds are used.