A person may not knowingly make or cause to be made any false statement or report in any document required to be furnished to the Department by any agreement relating to financial assistance. A person applying for or benefiting from financial assistance under the Program may not knowingly make or cause to be made any false statement or report for the purpose of influencing the action of the Department on an application or for the purpose of influencing the action of the Department affecting financial assistance already provided. A person who violates §A or B of this regulation shall be subject to the following penalties: Immediate cancellation or acceleration of the form of financial assistance provided by the Program; and Guilty of a misdemeanor and upon conviction shall be subject to a fine not exceeding $50,000, or imprisonment not exceeding 5 years, or both.