South Carolina University to Pay $2.5 Million to Settle False Claims Act Allegations

North Greenville University based in Greenville, South Carolina, will pay $2.5 million to resolve allegations under the False Claims Act of submitting false claims to the U.S. Department of Education in violation of the federal ban on incentive-based compensation, the Justice Department announced today. 

The settlement resolves allegations that between 2014 and 2016, NGU hired Joined Inc., a company partially owned by NGU, to recruit students to NGU and compensated Joined based on the number of students who enrolled in NGU’s programs, in violation of the prohibition on incentive compensation.

The allegations resolved by the settlement were brought in a lawsuit filed under the qui tam, or whistleblower, provisions of the False Claims Act. read more »

Goldman Malaysia Fund headache could cost a 'year of earnings': Company execs

Goldman Sachs Group Opens a New Window.  senior executives privately concede that the burgeoning scandal over the misuse of money at a Malaysian government investment fund Opens a New Window. could now cost the firm “a year of earnings,” or roughly $10 billion. read more »

Feds sue Hanford contractor, claiming kickbacks and lies defrauded taxpayers out of millions

The Department of Justice filed a civil lawsuit Friday against Hanford contractor Mission Support Alliance, accusing it of defrauding the federal government out of tens of millions of taxpayer dollars.

Also named in the lawsuit are former Mission Support Alliance President Frank Armijo, Lockheed Martin Corp. and Lockheed Martin Services Inc. read more »

Contractors who sold outdated body armor found guilty of fraud

A pair of Florida contractors defrauded the United States by selling old, cheap body armor to the federal government, a jury in Alexandria federal court concluded Thursday.

The contractors argued unsuccessfully that their six-person, veteran-owned company simply bungled one of their first forays into government contracting. A jury found them both guilty of wire fraud, conspiracy and making false claims to the government, crimes that carry up to 20 years in prison. read more »