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Financial holding company will pay $16 million to settle FCA suit

Gold Banc Corp. announced that it has agreed to settle a qui tam suit which alleged that the company violated the False Claims act by charging excessive interest rates and fees on agricultural loans subject to the federal Farm Service Agency’s Guaranteed Loan Program and Interest Assistance Program.

A definitive agreement must still be negotiated and agreed to by all parties.

The Kansas City Business Journal reported on the agreement on August 9, 2004.

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