If you want to talk about the most important guidelines in the world, the False Claims Act is one that deserves recognition. One of the main reasons for this is that it has helped to limit the number of false claims made, simply for the sake of payment. However, there are so many other details which should be covered. This particular act deserves to be followed and, with these bits of information set in place, such an endeavor will be carried out with effectiveness intact.
The False Claims Act, aka the "Lincoln Law," was built so that fraud against the government could be combated with greater effectiveness intact. You have to consider that certain actions are prohibited and should not be carried out by any stretch. For example, if you are conspiring with a party in order to commit fraud, even if it's not carried out, you're still in violation of the FCA. This speaks volumes about the importance of the act in question.
Of course, you may look at the False Claims Act and wonder why, exactly, it has the alternative name of the "Lincoln Law." For those who do not know, the FCA was passed back in 1863, which was during the middle of the American Civil War. What most history books may not tell you that is that, even back then, fraud was a problem. It was passed during that year, though, and it was in that time that Abraham Lincoln was the president of the country.
Of course, there are penalties for breaking the False Claims Act, which should be known. According to authorities like Whistleblowers Against Fraud, someone who violates the act in question can be fined anywhere between $5,000 to $10,000 per claim. If the case is especially serious, more serious action may be taken, prison time included. These are just a few reasons why it's important to respect this particular act and adhere to it as well.
If you want to talk about the details behind the False Claims Act, it's easy to see that there are several topics to cover. Some of them will stand out more than others but each of them should be abided by. This set of guidelines is designed to help in several respects, financial included, meaning that it has to be followed. With the aforementioned details in mind, hopefully such an endeavor will come easier to you than it would have otherwise.
The False Claims Act, aka the "Lincoln Law," was built so that fraud against the government could be combated with greater effectiveness intact. You have to consider that certain actions are prohibited and should not be carried out by any stretch. For example, if you are conspiring with a party in order to commit fraud, even if it's not carried out, you're still in violation of the FCA. This speaks volumes about the importance of the act in question.
Of course, you may look at the False Claims Act and wonder why, exactly, it has the alternative name of the "Lincoln Law." For those who do not know, the FCA was passed back in 1863, which was during the middle of the American Civil War. What most history books may not tell you that is that, even back then, fraud was a problem. It was passed during that year, though, and it was in that time that Abraham Lincoln was the president of the country.
Of course, there are penalties for breaking the False Claims Act, which should be known. According to authorities like Whistleblowers Against Fraud, someone who violates the act in question can be fined anywhere between $5,000 to $10,000 per claim. If the case is especially serious, more serious action may be taken, prison time included. These are just a few reasons why it's important to respect this particular act and adhere to it as well.
If you want to talk about the details behind the False Claims Act, it's easy to see that there are several topics to cover. Some of them will stand out more than others but each of them should be abided by. This set of guidelines is designed to help in several respects, financial included, meaning that it has to be followed. With the aforementioned details in mind, hopefully such an endeavor will come easier to you than it would have otherwise.
About the Author:
For further information about the False Claims Act, kindly head over to Whistleblowers Against Fraud today.
No comments:
Post a Comment