Violators of the False Claims Act Are Liable for Times

question 90

Short Answer

Violators of the False Claims Act are liable for times the dollar amount for which the government was defrauded.

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Definitions:

Cash Received

The total amount of cash collected by a business during a specific period, including all sources of income.

Operating Activities

Activities related to the core business functions of a company, including production, sales, and the delivery of services.

Cash Payments

Outflows of cash by a business or individual, often documented in financial transactions for goods, services, or debts.

Insurers

Companies that provide insurance, which is a contract (policy) in which an individual or entity receives financial protection or reimbursement against losses.