3 Charged With $33M Air Force Med Systems Fraud

Law360, New York (November 3, 2011, 1:08 PM EDT) -- A federal grand jury in Texas indicted three people Wednesday for allegedly creating a sham business to win $33.5 million in U.S. Air Force subcontracts tied to medical systems modernization, a fraud scheme that enriched them by $6.4 million, according to prosecutors.

The U.S. Attorney’s Office for the Western District of Texas said that married couple Donald Dean Brewer, 62, and Sherri Brewer, 62, along with 60-year-old James McKinney, established Enterprise and Deployment LLC solely to submit fake subcontracting invoices to prime contractors, who then passed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.