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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-09-12T16:39:00
A former executive for an Ohio-based civil engineering firm was sentenced to 18 months in federal prison for his role in a long-running bid-rigging scheme in North Carolina.
Brent Brewbaker, formerly of Contech Engineered Solutions, was found guilty in February by a jury in U.S. District Court for the Eastern District of North Carolina on six criminal counts including bid rigging, mail fraud, and wire fraud. On Sept. 8, Judge Louise Wood Flanagan sentenced him to report for an 18-month prison term, starting in 90 days.
According to an October 2020 complaint, Contech and Brewbaker conspired with another, unnamed company from 2009-18 to rig aluminum structure bids used in water drainage systems issued by the North Carolina Department of Transportation. Three whistleblowers and cooperating witnesses—one formerly employed by Contech, two formerly employed by the unnamed firm—testified the two companies conspired together to manipulate numerous bids.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
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Our lowest price ($1 per day) for one year.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
2024-07-01T21:14:00Z By Adrianne Appel
A Minnesota dermatology practice, its owner, and chief executive agreed to pay $1.6 million to settle allegations, first brought by two whistleblowers, that the company violated the Anti-Kickback Statue by making false claims to Medicare.
2024-06-27T16:56:00Z By Jeff Dale
Italy-based Mondo TV agreed to pay $538,000 to settle charges with the Treasury Department’s Office of Foreign Assets Control over 18 apparent violations of North Korea sanctions regulations.
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