What is fraudulent disclosure?

honest, lawful

Not familiar with that exact terminology, but it may pertain to the pre-trial "discovery" process when evidence and witnesses must identified (disclosed) to each other by the opposing sides of the...

its characterized by involving or proceeding from fraud asactions, enterprise, methods or gains

It means revealing EVERYTHING,without reservation (e.g.: Putting all your cards on the table).

The director of Disclosure was Barry Levinson.