September 15, 2020

In a resolution valued at $51.7 million, defense contracting firm QuantaDyn Corporation agreed to plead guilty and enter into a civil settlement to resolve claims and charges arising from its scheme to bribe an Air Force contracting official to provide procurement-sensitive information and steer government contracts for training simulators to the company.  The government contented that QuantaDyn’s bribery scheme caused a prime contractor to submit false invoices to the United States.  QuantaDyn will pay $37.8 million in restitution, a criminal penalty of $6.3 million, and forfeit $7.1 million; the company CEO and majority owner, William T. Dunn, Jr., will pay $500,000.  DOJ

Tagged in: Bribery and Bid-Rigging, Criminal Proceedings, Defense Contract Fraud, Government Procurement Fraud,