The False Claims Act Compels the Whistleblower to Consider All

question 1

Multiple Choice

The False Claims Act compels the whistleblower to consider all but which of the following?

• A) he/she must have actual knowledge of the fraud
• B) the fraud must be tax fraud; tax fraud is the only type of fraud the act addresses
• C) federal money must be involved
• D) the financial amount of the fraud must be sizable, and the entity to be sued must be able to pay back the stolen money and associated fine
• E) the evidence of the fraud cannot come from a publicly disclosed source such as a newspaper

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Definitions:

Lending Funds

The act of providing financial resources to individuals, businesses, or other entities with the expectation of future repayment with interest.

Double Coincidence of Wants

A situation in barter economies where two parties each hold an item the other wants, allowing for a direct exchange.

Medium of Exchange

An instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

Welfare Banks

Financial institutions or programs designed to support low-income individuals or families, offering services like microloans or savings accounts with beneficial terms.