How Can I Protect My Business From Government Fraud Charges?
Your business can face substantial financial penalties for fraud. In some instances, officers, directors and managers could face individual criminal liability for certain behaviors.
Charges against federal defense contractors are the most prevalent government fraud cases in the past several years and are almost always filed against the corporate entity itself. Among the many components of a Tampa government contract fraud case are:
- Assessment of liability
- Request for reimbursement/restitution
- Imposition of fines
The Government Is Increasing Efforts To Identify Fraud
Government fraud charges may be on the rise. The federal Department of Justice has even created a special procurement fraud task force to increase the number of fraud investigations against government contractors. Government agencies are also armed with anti-fraud regulations for pursuing government contractors.
The government may, at any time, launch investigations into government contracts. These investigations could relate to:
- Cost allowability
- Accounting standards
- False claims
- Debarment and suspension
- Subcontractor issues
- Equitable adjustment claims and other compliance matters
If your business has a contractual relationship with the government and you have some indication that an investigation is imminent, an in-depth consultation with an experienced government fraud defense attorney is advisable. These prosecutions can be financially devastating to a company — due not only to the penalties that can be assessed but also to the preclusion from future business with the government. Early intervention by reputable counsel can often smooth the waters in this regard.