NH prosecutors' office collects $24 million

Published on NewsOK Modified: December 6, 2012 at 10:58 am •  Published: December 6, 2012
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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.