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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…

Oil-For-Food Program Illegal Payments

General Electric agreed to pay $23.5 million to settle a U.S. Securities and Exchange Commission (SEC) complaint that GE bribed Iraqi government officials to win contracts to supply medical and water purification equipment under the U.N. Oil-for-Food program. The SEC alleged that, between 2000 and 2003, two GE subsidiaries and two companies GE later acquired paid $3.6 million in kickbacks in the form of cash, computer equipment, medical supplies and services to the Iraqi health and oil ministries, in violation of the Foreign Corrupt Practices Act (FCPA). GE, which neither admitted nor denied the SEC’s allegations and cooperated with the investigation, paid $18,397,949 in disgorgement of profits, $4,080,665 in prejudgment interest, and a $1 million penalty.

Misconduct Type
Ethics
Enforcement Agency
SEC
Contracting Party
International
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
7/27/2010
Contractors Involved Penalty
Total
General Electric $23,478,614
Further Information Released
Complaint 8/10/2010
GE Press Release 8/10/2010
SEC Press Release 8/10/2010

See also:

Federal Contractor Misconduct Database