Economics Professor Uses New York FCA to Sue


Peter Faber criticized an Indiana University economics professor’s use of New York’s False Claims Act to sue a major bank for failing to pay New York State taxes, saying it illustrates the mischief that can happen if citizens act as vigilantes. « We don’t generally allow citizens to usurp the role of competent government agencies, » Mr. Faber elaborated. « If someone thinks that a corporation is not meeting its tax obligations, he should go to the IRS or state tax department and let them decide whether to pursue it.”