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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…

SEC v. Wiener (Insider Trading)

The U.S. Securities and Exchange Commission (SEC) charged BAE Systems executive Daniel F. Wiener II with engaging in illegal insider trading in December 2007 by purchasing securities of MTC Technologies, Inc. prior to the public announcement that BAE Systems was going to acquire MTC. Wiener realized a profit of $67,687 when he sold his MTC shares a month after the acquisition was announced. Without admitting or denying the allegations in the complaint, Wiener agreed to pay disgorgement of $67,687, prejudgment interest of $8,323, and a civil penalty of $25,000.

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
3/23/2011
Contractors Involved Penalty
Total
BAE Systems $101,010
Further Information Released
Complaint 5/13/2011
SEC Press Release 5/13/2011

Federal Contractor Misconduct Database