September 27, 2018
Posted September 27, 2018
A ceramic materials company, LoTEC Inc. (dba Vesta Sciences), has agreed to pay $175,000 to settle claims that it committed multiple violations of the False Claims Act. The alleged fraud involved transferring and loaning out money awarded to them under the Small Business Innovation Research Program by the National Science Foundation and U.S. Army. Additionally, LoTEC was accused of making false certifications, and improperly recording hours worked. USAO NJ
Tagged in: FCA Federal, Grant and Research Fraud,