Share

Topics: National News

NH prosecutors' office collects $24 million

|
News,Nation

CONCORD, N.H. (AP) — Federal prosecutors in New Hampshire collected more than $24 million in fiscal year 2012 from fines, penalties, forfeitures and restitution.

U.S. Attorney John Kacavas says nearly a third of the money came from a penalty paid by a Florida-based finance corporation — Imperial Holdings — to resolve fraud allegations.

Kacavas said the $24 million represents five times the annual budget of his office.

Nationwide, federal prosecutors collected more than $13 billion in civil and criminal penalties — twice the amount collected in fiscal 2011.

Kacavas said efforts to recover and restore to taxpayers money reaped through criminal enterprise is especially important in this period of economic recovery.

View article comments Leave a comment