False Claims Act
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Did you know that there is a law that was created incentives for private individuals to report persons engaged in fraud against the federal government? It dates back to 1863 and is also known as the "Informer's Act", "Lincoln's Law", the "Whistleblower Act" and "Qui Tam" (which means, "who sues on behalf of the King as well as for himself"). If the federal government likes your case they can take your case over, but you are still rewarded. What can you recover?
For example a title insurance or escrow agent may be liable for knowingly contributing to a fraudulent mortgage transaction (such as a straw man transaction or misrepresentation of source of funds and down payment) on a federally insured loan. See 31 USCS Section 3729-3733. Liability can include treble damages for the lost loan amount. If you need representation on a violation of the False Claims Act, or are interested in finding out about one of our other practice areas, we invite you to contact our office to schedule an appointment with a member of our well-qualified staff. |





