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Archive for the Procurement Fraud Category

SEC: Two Companies Settle via NPAs, Admit to Bribery of Chinese Subsidiaries

Cinnaminson, NJ- Per FCPA, two companies to agree to SEC non-prosecution agreements.   Akami Technologies (MA) and Nortek Inc. (RI) have both faced unconnected allegations of ill-gotten gains from bribery of Chinese subsidiaries. The companies are agreeing to forfeit $652,452 and $291,403, respectively, for confession to bribing and

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Former Government Official Pleads Guilty to Bribery of $15,000 for Awarded Work

Cinnaminson, NJ- Ex-government contractor pleads guilty to bribing two public officials for work his company contracted for the General Service Administration (GSA). Moustafa, Ahmed, Ibrahim, 37, bribed two building managers in the Washington, D.C. metro area for over $200,000 in awarded construction and maintenance work. Ibrahim’s hearing

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