Student Loan Collectors Accused In $100M Contracting Plot
Law360 (April 12, 2019, 8:55 PM EDT) -- Nearly a dozen private student loan collectors have defrauded the federal government of more than $100 million through a long-running contracting scheme, a whistleblower has alleged in a False Claims Act suit.
PCA Integrity Associates LLP accused several large companies of either posing as small businesses to win subcontracts or knowingly hiring subcontractors who lied about being small businesses, according to an amended complaint recently filed in D.C. federal court.
PCA also said the large companies duped the U.S. Department of Education into awarding contracts and shelling out bonuses they didn’t deserve. Under the deals, the contractors received incentives for subcontracting...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.