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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…

Insider Trading

The Securities and Exchange Commission filed insider trading charges against three Dell, Inc. accountants – Salvador Chavarria, John Nieto and Glenn Leftwich – accusing them of making about $250,000 in illegal profits in 2005 by trading on inside information about Dell’s earnings. Chavarria and Nieto settled with the SEC: Chavarria will pay $323,153 in disgorgement, prejudgment interest and civil penalties, and Nieto will pay $35,413. The case against Leftwich is pending in federal court in western Texas.

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Filing
9/28/2007
Contractors Involved Penalty
Total
Dell, Inc. $358,566
Further Information Released
Complaint 10/3/2007
SEC Press Release 10/3/2007

Federal Contractor Misconduct Database