New York Small Business Lender

NY 2010 Community Banks / Credit Unions

DOJ False Claims Act Conspiracy

Penalty

$26.3 million

Outcome

New York Small Business Lender to Pay U.S. $26.3 Million <br /> to Resolve False Claims Act Allegations

Details

New York Small Business Lender — DOJ Enforcement (2010)

DOJ took enforcement action against New York Small Business Lender in NY in 2010 involving false claims act, conspiracy violations in the Community Banks / Credit Unions sector.

Penalty: $26.3 million

Violation types: False Claims Act, Conspiracy
Entity type: Financial Institution
Penalty type: Criminal
Location: NY

Source: DOJ Press Release — New York Small Business Lender to Pay U.S. $26.3 Million
to Resolve False Claims Act Allegations

How Crucible Prevents This

Crucible's billing compliance controls enforce documentation-to-claims reconciliation and flag billing anomalies before false claims are submitted.

Source: DOJ Press Release — New York Small Business Lender to Pay U.S. $26.3 Million <br /> to Resolve False Claims Act Allegations

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