By: Richard L. Smith
The U.S. Attorney’s Office for the District of New Jersey reported a record-setting year in Fiscal Year 2025, collecting more than $1.5 billion in criminal and civil enforcement actions—ranking first among all U.S. Attorney’s Offices nationwide.
According to a statement released by the office, the total recovery reached $1,507,147,950.92.
The overwhelming majority, $1.44 billion, stemmed from criminal actions, while civil enforcement efforts accounted for approximately $57.7 million.
Federal prosecutors in New Jersey also collaborated with other divisions of the U.S. Department of Justice to secure an additional $154.9 million in joint cases.
Nearly all of that amount came from civil matters, highlighting continued multi-agency coordination in complex financial enforcement.
Beyond direct recoveries, the district reported $348.4 million in asset forfeitures, the second-highest total in the nation, further underscoring aggressive efforts to seize proceeds tied to criminal activity.
U.S. Attorney Robert Frazer said the results reflect a focused mission to hold offenders accountable, recover funds for victims, and reclaim taxpayer dollars lost to fraud and financial crimes.
A significant portion of the year’s recovery came from enforcement actions involving TD Bank and TD Bank US Holding Company.
Authorities secured more than $1.43 billion in fines and over $328 million in criminal forfeiture tied to what prosecutors described as widespread anti-money laundering failures.
The case marked a historic milestone, as TD Bank became the largest bank in U.S. history to plead guilty to violations involving the Bank Secrecy Act, as well as the first U.S. bank to admit to conspiracy to commit money laundering.
Civil enforcement actions also played a key role.
Federal authorities pursued fraud tied to pandemic-era relief programs, including a case involving improperly obtained Paycheck Protection Program loans that resulted in the forfeiture of nearly $7 million and a residential property valued at more than $2 million.
In another major settlement, companies affiliated with Rema Tip Top of America agreed to resolve allegations under the False Claims Act after receiving approximately $13 million in PPP loans for which they were not eligible.
Additionally, Summit BHC New Jersey, which operates a drug and alcohol rehabilitation facility in Bridgeton, agreed to pay $19.75 million to settle claims it improperly billed for services provided to veterans.
The office also reported recovering or preserving roughly $80 million through civil bankruptcy proceedings involving debts owed to federal agencies.
Federal officials emphasized that the results reflect an ongoing commitment to financial accountability, fraud enforcement, and ensuring that public funds are properly protected.