Financial Laws and Regulations

Financial Laws and Regulations

False Claims Act

False claims act is against individuals or corporations who make statements regarding United States that are false, fictitious and fradulent. The most important five elements of the Act are as follows (Cohen Seglias Pallas Greenhall Furman PC):

The Act creates a liability on the person or corporation who makes such fraudulent claims (The False Claims Act).

The person involved in the liablilty must pay for the damages in the form of penalty.

The person was aware of the fact that his claim is false at the time ofmaking that false claim.

The claim has to be ...