Contract Fraud, the Fraud Triangle, and Internal Controls | PNWC’s Government Contracting Update

While perusing the Justice Department’s press releases related to fraud, we were struck by the sheer numbers of reported fraud cases. Just this week, the was a company president pleading guilty to bribery at Tinker AFB, a woman sent to prison for trying to illegally export our latest fighter jet engines to China, Navy and contractor employees pleading guilty to taking and giving kickbacks, another Navy employee sentenced to 18 months in prison for accepting illegal gratuities, another contractor executive sentenced to prison for illegally exporting weapons parts, and a company using “front-companies” to obtain small-business set aside contracts.

Source: PNWC’s Government Contracting Update: Contract Fraud, the Fraud Triangle, and Internal Controls