“The former chief executive of a Pennsylvania company that made concrete bridge beams has been convicted on multiple counts of fraud and money laundering in what the U.S. Dept. of Transportation says is the largest reported Disadvantaged Business Enterprise fraud in the department’s 45-year history.
U.S. officials said the alleged scheme extended from 1993 to 2008 and involved more than $136 million in federal-aid transportation contracts.
Since 1983, U.S. DOT has been required by law to make sure that at least 10% of its authorized highway and transit funds go to DBEs. The department has a single DBE goal that includes companies owned by women or members of minority groups.
Justice says the alleged conspirators used Marikina Construction Corp., a small Connecticut firm, as a front company to gain subcontracts designated to go to DBEs.”
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