Advertisement

You will be redirected to the page you want to view in  seconds.

San Diego Navy contractor acknowledges $3.5M fraud

Jan. 15, 2014 - 08:12AM   |  
  • Filed Under

SAN DIEGO — Federal prosecutors say a San Diego-based Navy contractor has acknowledged bilking the government out of some $3.5 million with phony cost claims.

The U.S. attorney’s office says Vector Planning & Services reached an agreement Tuesday to settle criminal and civil cases. The company agreed to pay restitution and to maintain a compliance and ethics program.

Authorities say the company acknowledged that its late CEO and majority owner submitted phony reimbursement claims for five years that essentially double-billed the Defense Department for some expenses.

Authorities will dismiss the criminal case after three years if the company complies with terms of the agreement.

Answers by RallyPoint

Join trending discussions in the military's #1 professional community. See what members like yourself have to say from across the DoD.

More In News

Start your day with a roundup of top defense news.

VA Home Loan
Rates

Search By:

Product Options:
Zip Code:

News for your in-box

Sign up now for free Military Times E-Reports. Choose from Money and Education. Subscribers: log in for premium e-newsletters.


This Week's Navy Times

This Week's Navy Times

Shorter cruises
CNO demands drop to deployment lengths

Subscribe for Print or Digital delivery today!

Classifieds
MilitaryTimes Green Trusted Classifieds Looking to buy, sell and connect on Military Times?
Browse expanded listings across hundreds of military installations.
Faces of valorHonoring those who fought and died in Operations Iraqi Freedom and Enduring Freedom.
hall of valorThe Hall of Valor is a searchable database of valor award citations collected by Doug Sterner, a Vietnam veteran and Military Times contributing editor, and by Military Times staff.
Woman who cried rape
(3 replies)
   Last Post: TJMAC77SP
        May 3, 2014 1:32 PM
   Last Post: garhkal
        May 1, 2014 5:03 PM
Cliven Bundy
(45 replies)
   Last Post: Chief_KO
        Apr 26, 2014 9:49 AM
Handbooks

All you need to know about your military benefits.

Benefits handbook

Guard & Reserve All you need to know about the Guard & Reserve.

guard and reserve handbook