EASTERBROOK, Chief Judge.
After a bench trial, a district judge found that Anchor Mortgage Corporation and its CEO John Munson lied when applying for federal guarantees of 11 loans. 2010 WL 3184210, 2010 U.S. Dist. LEXIS 81298 (N.D.Ill. Aug. 11, 2010). The False Claims Act provides substantial penalties for fraud in dealing with the United States and its agencies. 31 U.S.C. § 3729(a)(1). The district court imposed a penalty of $5,500 per loan, plus treble damages...
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