Law360, New York (March 3, 2011, 5:38 PM EST) -- Fourteen companies received $325 million in U.S. Small Business Administration set-aside or sole-source contracts through “fraud or abuse” over the past year, underscoring wider flaws in the SBA preference program, the U.S. Government Accountability Office said in a report released Thursday.
The report, prepared for the U.S. Senate Committee on Small Business and Entrepreneurship, highlights key findings based on the GAO's year-long probe into fraud in the SBA's 8(a) program, which sets aside and limits competition for contracts going to socially and economically disadvantaged smaller businesses....
Ineligible Cos. Won Small Business Contracts: GAO
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