Caddell To Pay $2M To Settle Fraud Allegations

Law360, New York (January 2, 2013, 8:37 PM EST) -- Government contractor Caddell Construction Co. will pay $2 million to resolve criminal allegations that it lied to receive extra payments in connection with U.S. Department of Defense contracts worth about $100 million, the U.S. Department of Justice has said.

Under a nonprosecution agreement between the government and Caddell, the construction company will pay a $2 million penalty and cooperate with the government for two years to avoid charges that it defrauded a program designed to have large contractors, like itself, provide assistance to small contractors considered...
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