Utah-Based Lender

CO 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$4.3 million

Outcome

Utah-Based Lender Agrees To Pay $4.25 Million To Resolve Alleged False Claims Act Liability Arising From FHA-Insured Mortgage Lending

Details

Utah-Based Lender — DOJ Enforcement (2016)

DOJ took enforcement action against Utah-Based Lender in CO in 2016 involving false claims act violations in the Community Banks / Credit Unions sector.

Penalty: $4.3 million

Violation types: False Claims Act
Entity type: Financial Institution
Penalty type: Settlement
Location: CO

Source: DOJ Press Release — Utah-Based Lender Agrees To Pay $4.25 Million To Resolve Alleged False Claims Act Liability Arising From FHA-Insured Mortgage Lending

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 — Utah-Based Lender Agrees To Pay $4.25 Million To Resolve Alleged False Claims Act Liability Arising From FHA-Insured Mortgage Lending

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works