Last week, the Fraud Section, part of the US Department of Justice (DOJ) Criminal Division, released its annual year-in-review report. In this article, we highlight three key takeaways from the 2020 report.
The Fraud Section is an integral part of DOJ’s efforts to investigate and prosecute complex white-collar crimes, particularly large national and international corporate cases. It also has exclusive jurisdiction and oversight of all Foreign Corrupt Practices Act (FCPA) matters. The Fraud Section’s annual report, begun in 2015, is a look at the past year, and typically it is also a harbinger of the Fraud Section’s goals and priorities for the coming year. But the recent change in administration—and with it, possible changes in white-collar priorities and resources—lends an element of uncertainty as to what we can expect in 2021.
The report details significant cases from 2020, including corporate resolutions, trials, guilty pleas, and initiatives, from across the Fraud Section’s three litigating units: the FCPA Unit, the Health Care Fraud Unit, and the Market Integrity and Major Frauds Unit. It provides a helpful statistical breakdown of individual prosecutions and corporate resolutions.