“In recent years, alarming evidence has emerged of fraud and mismanagement inside asbestos trusts,” said Acting Associate Attorney General Jesse Panuccio.  “Asbestos victims should feel certain that they will receive compensation when they are promised it, but fraudulent claims and mismanagement call that promise into question. In addition, the United States and all who depend on Medicare are harmed when Medicare is not reimbursed for treatment costs that have been paid by trust funds. With today’s Statement of Interest, the Department sends a clear message that we will not tolerate fraudulent conduct that cheats asbestos victims and the United States.  This is just one action the Department will take to increase the transparency and accountability of asbestos trusts, and we are grateful for the many partners we have in that mission, including the many state attorneys general who have brought attention to this issue.  We encourage anyone with information about fraud or mismanagement of asbestos trusts to report it to the Department of Justice.”
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