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U.S. ATTORNEY COLLECTS $10 MILLION DURING FISCAL 1991

 U.S. ATTORNEY COLLECTS $10 MILLION DURING FISCAL 1991
 BOSTON, Nov. 26 /PRNewswire/ -- U.S. Attorney Wayne A. Budd


announced today that the Civil Enforcement and Defense Bureau of the U.S. Attorney's Office in the District of Massachusetts collected $9,970,833 during the 1991 fiscal year ending Sept. 30, 1991. The amount recovered by the Civil Enforcement and Defense Bureau for the 1991 fiscal year was equal to 75 percent of the operating budget of the U.S. Attorney's Office, which itself increased by about 25 percent during this period.
 The monies collected include payments on a variety of defaulted loans, such as student loans, and criminal fines, proceeds of property sold in connection with mortgage foreclosures, and proceeds of property seized in asset forfeiture cases. Civil debts were collected on behalf of several federal agencies including the Department of Education, Department of Housing and Urban Development, Department of Health and Human Services, and the Veterans Administration. Proceeds from criminal fines are deposited into the Crime Victims' Fund which is used to provide funding for victims' assistance programs.
 Budd stated: "The staffs of both the Financial Litigation Division and Asset Forfeiture Division in the Civil Bureau are exclusively dedicated to the recovery of monies and assets as part of the national program of the Attorney General." Budd further stated: "As part of this program, the Federal Debt Collection Procedures Act of 1990 became effective on May 29, 1991, and this Act provides the United States with more effective tools to collect the billions of dollars owed the United States nationally. We therefore look forward to even greater recoveries in future years."
 -0- 11/26/91
 /CONTACT: Press Officer in the U.S. Attorney's Office, 617-223-9445/


DD -- NE003 -- 7180 11/26/91 09:32 EST
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Publication:PR Newswire
Date:Nov 26, 1991
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