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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Bribery by Chinese Subsidiary

ITT Corp. and the Securities and Exchange Commission settled ITT’s alleged violations of the Securities Exchange Act of 1934 and the Foreign Corrupt Practices Act (FCPA) arising from payments its Chinese subsidiary, Nanjing Goulds Pumps Ltd. (NGP), made to Chinese government officials from 2001 through 2005 to influence the purchase of NGP water pumps. ITT, without admitting or denying the SEC’s allegations, consented to the entry of a final judgment ordering the company to pay nearly $1.7 million in disgorgement, interest and civil penalties.

Misconduct Type
Ethics
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Announcement
2/11/2009
Contractors Involved Penalty
Total
ITT Industries $1,678,650
Further Information Released
Complaint 4/7/2009
SEC Press Release 4/7/2009

Federal Contractor Misconduct Database