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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…

Manipulating Sales of Printing Supplies

HP paid $6 million to settle U.S. Securities and Exchange Commission (SEC) charges it misled investors by concealing efforts to boost sales of printing supplies in 2015 and 2016 in an effort to meet quarterly sales and earnings targets. The SEC found that HP regional managers used incentives to accelerate, or “pull in,” sales they expected to materialize in later quarters. The SEC also found that managers in one region sold steeply discounted supplies to distributors known to resell HP products outside their own territories, “cannibalizing” sales from local distributors and violating company policy. HP settled without admitting or denying the SEC’s charges.

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Administrative
Disposition
Settlement
Date of Settlement Announcement
9/30/2020
Contractors Involved Penalty
Total
Hewlett-Packard Company $6,000,000
Further Information Released
SEC Order 9/30/2020
SEC Press Release 9/30/2020

Federal Contractor Misconduct Database