Exclusive: GSA Uncovers over $13B in Suspected Fraud Involving About 1,000 Federal Contractors

The General Services Administration (GSA) has uncovered more than $13 billion in suspected fraud involving federal contractors. snip The review covers COVID-19 spending, the Small Business Administration’s 8(a) program, contractor eligibility, bid rigging, cybersecurity-related false claims, bribery, and other potential contractor misconduct. The GSA cited two cases to show how procurement fraud affects taxpayers and legitimate federal contractors. One involved $73 million in suspected fraud tied to federal contracts reserved for service-disabled veteran-owned small businesses and other eligible small businesses. Broadway Electric Inc., Cornerstone Contracting Inc., CEO John Oehler, and President Christian Blake agreed to pay $21.3 million to resolve...