The U.S. charged five small contractors with fraud related to COVID-19 small business rescue program— and more are likely as probers dig deeper into company financial records.
The U.S. regularly spends $500 billion each year on federal contracts, much of it going to small businesses, and it’s easy to see with such large sums of money why fraud is common.
The contractor agreed to settle with the Justice Dept. by paying a $1 million settlement over claims it misrepresented its use of a disadvantaged business as a subcontractor on a terminal building project at Peoria International Airport project.
State judge cites "troubling and inadequate" case by DA against Kyriacos Pierides; fraud charges from sting against other execs now are under "review."
Universal Concrete Products and its president and co-owner, Donald Faust Jr., will pay $1 million to settle civil allegations that the firm falsified test records for concrete panels installed on Phase II of the $2.7-billion Dulles Metrorail Project.