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Exec pleads guilty in $28 million contracting fraud scheme against Army Corps of Engineers

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“Babb admitted to soliciting and accepting more than $1 million in kickbacks from Alex N. Cho, the chief technology officer for Nova Datacom, in exchange for giving the subcontractor preferential treatment. The gifts included cash and checks, airline tickets and the promise of a future job for Babb at the company, prosecutors said. Babb also admitted to paying, offering and promising more than $7 million in bribes in return for approval on Army Corps of Engineers contracts and subcontracts, authorities said.

Since the initial arrests, prosecutors also have revealed charges against a handful of other men associated with subcontractors, including Cho, who pleaded guilty last September to money laundering, conspiracy and other charges. Prosecutors on Tuesday announced charges against an additional defendant associated with a subcontractor.”

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Filed Under: News Tagged With: Bribery, Fraud

Filed Under: NewsTagged: ,Bribery, Fraud
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