David K. Colapinto, a whistleblower attorney at Kohn, Kohn & Colapinto, recently spoke to Bloomberg Law about the potential for massive frauds related to the federal spending in response to the COVID-19 (coronavirus) pandemic.
Colapinto, who specializes in representing qui tam relators under the False Claims Act, said, “When trillions of dollars are involved, the potential for fraud is almost endless. We’ve never seen this much money pumped in at one time.”
Colapinto believes the increased federal spending will leave the door open for fraudsters who want to take advantage of the current crisis and says the rush to get medical supplies to hospitals will cause “unscrupulous vendors” to profit.
From Bloomberg Law:
“Wherever there is federal money, there is a potential for fraud,” David Colapinto of Kohn, Kohn & Colapinto LLP, a law firm that represents whistleblowers, said. “When trillions of dollars are involved, the potential for fraud is almost endless. We’ve never seen this much money pumped in at one time.”
Colapinto specializes in representing whistleblowers under the False Claims Act. The federal law that allows those who report fraud to get a share of any funds recovered by the government from unscrupulous contractors. The Justice Department recovered more than $3 billion in False Claims Act cases last year.
Read the full article: Sweeping Stimulus Law Golden Opportunity for Scam Artists.