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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Date: 09/28/2007 (Date of Filing)
Misconduct Type: Securities
Enforcement Agency: SEC
Contracting Party: None
Court Type: Civil
Synopsis: The Securities and Exchange Commission filed insider trading charges against three Dell, Inc. accountants – Salvador Chavarria, John Nieto and Glenn Leftwich – accusing them of making about $250,000 in illegal profits in 2005 by trading on inside information about Dell's earnings. Chavarria and Nieto settled with the SEC: Chavarria will pay $323,153 in disgorgement, prejudgment interest and civil penalties, and Nieto will pay $35,413. The case against Leftwich is pending in federal court in western Texas.