US Says Seedco Scammed $8M In NYC Job Assistance Funds

Law360, New York (May 23, 2012, 5:32 PM EDT) -- The U.S. on Tuesday intervened in an employee whistleblower suit accusing nonprofit Structured Employment Economic Development Corp. of fraudulently collecting over $8 million in federal funds for job placement assistance to unemployed and underemployed New York City residents that was never provided.

The government said former managers at the agency, known as Seedco, filed hundreds, if not thousands, of phony job placements through two career centers it operated through New York City’s Department of Small Business Services over a three-year period. SBS receives federal funding through...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

United States of America ex rel, et al v. Structured Employment Economic Development Corporation


Case Number

1:11-cv-06425

Court

New York Southern

Nature of Suit

Other Statutory Actions

Judge

Alvin K. Hellerstein

Date Filed

September 14, 2011

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.