Menu

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…

Reliance Insurance Company Audit

The Pennsylvania Insurance Department filed a lawsuit against Deloitte, the auditor of Reliance Insurance Company, which was liquidated in 2001 after a shortfall of over $1 billion in assets was discovered. The civil suit accused Deloitte Touche LLC and Deloitte principal actuary Jan A. Lommele of professional negligence and malpractice, misrepresentation, breach of contract, and aiding and abetting breaches of fiduciary duties by Reliance chairman Saul P. Steinberg and other former officials. In November 2008, Deloitte settled the lawsuit for $40 million.

Misconduct Type
Securities
Enforcement Agency
State/Local
Contracting Party
None
Court Type
Civil
Disposition
Settlement
5/7/2011
Contractors Involved Penalty
Total
Deloitte LLP $40,000,000
Further Information Released
Pa. Insurance Dept. Press Release 5/7/2011

Federal Contractor Misconduct Database