December 31, 2011 |
A Beverly Hills financial firm and its founder pleaded guilty to federal criminal charges that they defrauded government agencies by steering investment contracts to firms that paid them kickbacks. David Rubin, 50, and his company, CDR Financial Products Inc., were accused of running sham auctions for government agencies looking to invest money raised through municipal bond offerings. The contracts were awarded to favored firms that secretly paid kickbacks to CDR, not always the firm offering the highest returns, the government alleged.
October 24, 2011
For more than 25 years, Radio and TV Marti have served as a reminder of America's failed policy toward Cuba. The stations were launched in 1985 as a way to crack Fidel Castro's control over mass media. Since then, they have become little more than a financial black hole. The government has spent nearly $500 million on, among other things, a twin-engine plane, a blimp and a satellite to beam broadcasts into Cuba. The broadcasts, however, are rarely seen or heard. Castro has successfully jammed the stations' signals, and denounced Washington's efforts as a violation of international treaty obligations.
June 27, 2011 |
Dear Karen: I own a transportation company. Where do I find out about obtaining government contracts? Answer: Start with Federal Business Opportunities, at http://www.fbo.gov . It lists most opportunities over $25,000 and includes navigation instructions. Next, introduce your company to prime contractors who might buy your products or services. They can include you as a subcontractor within their existing contracts or on jobs they are bidding, said John C. Lauderdale III, author of "The Complete Idiot's Guide to Getting Government Contracts.
March 28, 2011 |
Dear Karen: How does a minority-owned small business get government contracts? Answer: First, qualify for the Small Business Administration's 8(a) Business Development program, which is for small firms that are socially and economically disadvantaged, including those that are minority owned. The rules governing the 8(a) program have been revised recently, enabling more small businesses to qualify, said Lourdes Martin-Rosa, government contracting advisor for American Express OPEN.
CALIFORNIA | LOCAL
August 21, 2010 |
As the city of Bell and surrounding municipalities poured millions of dollars into contracts with a charity run by the former mayor, the organization filed sworn reports with the state that it was receiving no such money, according to records reviewed by The Times. Officers of the organization including George Cole, the former mayor, signed statements under penalty of perjury that the Steelworkers Oldtimers Foundation did not receive any government funding during the three-year period ending June 30, 2009.
August 16, 2010 |
In 1994, Congress passed a law requiring that a minimum of 5% of the money spent on government contracts go to the nation's businesses that are majority-owned by women. That was great news for women who believed they had never received a fair share of those contracts. But the government didn't reach that mandated goal, and six years later Congress passed the Equity in Contracting for Women Act to give women-owned businesses more traction getting federal contracts. That program was never implemented.
July 23, 2010 |
The new financial reform law has what some lawyers call a secret weapon against fraud on Wall Street and in corporate America: the promise of a million-dollar jackpot to insiders who reveal an illegal scheme to the government. Tucked in the massive bill is a provision that for the first time extends a concept long applied to government contracts to the private sector. It gives whistle-blowers a mandatory 10% — and as much as 30% — of what the government recoups in fines and settlements in financial fraud cases.
April 17, 2010 |
Five former Blackwater security firm executives were charged Friday in North Carolina with illegally acquiring automatic weapons and filing false documents in a scheme to obtain government contracts. The company, now known as Xe Services, continues to do work for the federal government and has bid on contracts for more. But prosecutors issuing a federal indictment Friday in Raleigh, N.C., said that the company officials attempted to gain a competitive bidding advantage by amassing high-powered weapons, which they used for training and, in one case, as gifts to the king of Jordan.
April 5, 2010 |
State government might seem like a ready, deep-pocketed customer for California small businesses, but these days there is far less money available and much more competition to get it. The purchasing of goods and services by the state shrunk 22% to $8.97 billion in fiscal 2009 from the year before, according to a recent report from the Department of General Services. At the same time, small businesses certified to go after state dollars jumped 16% as companies looked for new ways to make up for weak sales.
February 25, 2010 |
The Pentagon on Wednesday officially launched a competition to replace its aging, aerial refueling tankers. It released the requirements needed to fulfill a contract potentially worth $35 billion. Two aerospace giants were expected to vie for the contract to build 179 tankers -- Chicago-based Boeing Co. and a team composed of Century City-based Northrop Grumman Corp. and Airbus parent European Aeronautic Defense & Space Co. The companies have 75 days to submit bids. In recent weeks, however, Northrop threatened to stay out of the competition, arguing that the requirements may favor Boeing.