Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

DoD Report Shows Since 2001, $1.1 Trillion In Contracts Awarded to Companies Who Committed Fraud

The Economic Populist   October 20, 2011

One would think once a company had been convicted of defrauding the government, they wouldn’t see another dime. Not so, shows a new DoD report. Believe this or not, the DoD has awarded over $1.1 trillion dollars in defense contracts to companies have been convicted, found liable, or settled fraud charges earlier with the DoD since 2001.

Senator Bernie Sanders summed up some of the numbers buried in the report:

Over the past ten years, DOD awarded $254,564,581 to companies that were convicted of a crime in connection with a DOD contract during that same period of time. To make matters worse, DOD awarded $33,079,743 of that to convicted companies after they had been convicted.

Over the past ten years, DOD awarded $573,693,095,938 to companies that were found liable or settle charges of a civil wrong in connection with a DOD contract during that same period of time. To make matters worse, DOD awarded $398,081,775,397 of that to those companies after they settled the charges or were found liable.

The numbers become increasingly shocking if you look at company affiliations. Over the past ten years, DOD awarded $1,104,423,438,564.10 to entities affiliated with companies that have a history of fraud

Please read the entire post here

October 21, 2011 - Posted by | Civilian Contractors, Contingency Contracting, Contract Awards, Contractor Corruption, Contractor Oversight, Contracts Awarded, Department of Defense, Government Contractor | , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: