Jules Renton, a financial accountant at Valkyrie Aviations, deals with the accounts Valkyrie has with the government.Valkyrie Aviations are in contract with the government to deliver a new bomber plane called Spearhead.While reviewing the Spearhead account, Renton noticed that Valkyrie has been falsely billing the government for Spearhead's production.If Renton chooses to be a whistleblower and expose the scam to the government, what Congress enacted statute must he invoke?

Question

Quizplus · Accepted Answer

The best statute for Renton to invoke in this situation is the False Claims Act, which prohibits the submission of false or fraudulent claims to the government for payment. This Act allows whistleblowers to bring a lawsuit on behalf of the government and receive a percentage of any recovered funds as a reward. The Business Norms Act is not a real statute, and the Sarbanes-Oxley Act and Glass-Steagall Act are geared towards regulating financial reporting and banking activities, respectively, and are not applicable in this scenario.

Jules Renton, a Financial Accountant at Valkyrie Aviations, Deals with the Accounts