Two Washington, D.C. area government contractors have agreed to pay the government for their respective roles in defrauding the U.S. Small Business Administration (SBA) in schemes to fraudulently obtain government contracts set aside for small businesses. These two cases highlight the importance of small business compliance and the submission of accurate and complete certifications.
the first company had to pay $16 million for violating the False Claims Act (FCA).
In the second instance, company owners paid $1.25 million — and got prison time — for 8(a) set-aside contract fraud.
Keep reading this article at: https://www.jdsupra.com/legalnews/small-business-fraud-leads-to-large-36348/