Federal Loan Fraud
Individuals and businesses may qualify for a variety of government-issued loans for many different programs, including student loans, business loans, and money to purchase homes. Applicants for such government funds often have to meet certain requirements to qualify for assistance, and any fraudulent claims or misrepresentations may be prosecuted legally under the federal False Claims Act.
If an individual or company collects payments from a federally-subsidized loan program under false pretenses, he or she may face prosecution under the False Claims Act, and whistleblowers may be able to pursue a Qui Tam lawsuit on behalf of the government. If you have knowledge of fraudulent practices, contact a Qui Tam lawyer from the law offices of Tycko & Zavareei, LLP at 202-973-0900.
Government-backed Loans
Loans that may be guaranteed by the government include:
- Housing and Urban Development (HUD) mortgage loans
- Veteran’s Administration (VA) home loans
- Federal student loans
- Small business loans
- Farm operating loans
If an individual or company makes false statements on a federal loan application or misrepresents their needs in order to qualify for government-secured funds, they may be guilty of federal loan fraud.
Contact Us
If you are aware of fraudulent practices or misrepresentations on the part of an individual or company that is receiving federal funding, it is important to consult an experienced Qui Tam attorney to discuss your legal options. For assistance with your case, contact a lawyer from Tycko & Zavareei, LLP at 202-973-0900 for a free initial consultation.
