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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…

2005 Securities Fraud Class Action

In 2005, various complaints were filed in the federal court for the Eastern District of Virginia, alleging that BearingPoint and certain of its current and former officers and directors violated the Securities and Exchange Act of 1934 by, among other things, making materially misleading statements about its financial condition in SEC filings and press releases between August 14, 2003 and April 20, 2005. The case settled during bankruptcy proceedings in 2009-2010.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Final Settlement
9/10/2010
Contractors Involved Penalty
Total
BearingPoint Inc. Unknown
Further Information Released
SEC 10-Q (p. 4 of 11) 1/17/2007

Federal Contractor Misconduct Database