TINA (Truth In Negotiations Act) Fraud
When a company is a sole source provider or if it is awarded a contract based upon the cost estimates it provided to the government, it is governed by the Truth In Negotiations Act. That law requires a company to provide the government with its current, good faith estimates of its costs to perform the contract. Basically, if it conceals information or lies about data, it is liable. The two most common schemes are:
- concealing true costs when "negotiating" the price of certain government contracts
- lying about or concealing the availability of discounts given to others in certain cases