Grand Jury Indicts SBA, DOD Contractor For $7M Fraud

Law360, New York (October 31, 2012, 2:10 PM EDT) -- An Alabama federal grand jury on Tuesday indicted a government contractor for allegedly submitting fake bank documents and bogus tax returns to win $7 million in loans and Small Business Administration and U.S. Department of Defense contracts.

Federal prosecutors on Tuesday alleged in the 14-count indictment that Joseph Shane Terry, 39, submitted fraudulent tax returns to the SBA and the DOD from 2003 to 2008 to obtain and maintain certification for his construction company, Government Technical Services, as a small disadvantaged business, a designation the makes...
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