Whisteblower Says Biotech Co. Used Family For US Contracts

Law360, New York (March 28, 2013, 12:44 PM EDT) -- Agave Bio Systems Inc. allegedly defrauded the U.S. Department of Defense out of more than $15 million by staffing contracts with its founder's family members instead of engineers, according to a complaint unsealed Wednesday in New York and joined by the government.

The U.S. said it would intervene in the portion of the lawsuit that accuses Agave founder Noe A. Salazar of promising to use experienced engineers on government contracts, including contracts to combat bioterrorism, but instead hiring his family members for "no show" jobs in...
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.