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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. Halliburton (Accounting Practices)

In response to Halliburton’s failure to disclose a 1998 change to its accounting practice, the Securities and Exchange Commission began enforcement proceedings. As a result of that undisclosed change, Halliburton’s public statements regarding its income in 1998 and 1999 were materially misleading. Halliburton agreed to settle the enforcement actions by consenting to a Commission order to cease and desist from committing or causing future securities law violations. Additionally, Halliburton and its former controller, Robert C. Muchmore, Jr., agreed to pay penalties of $7.5 million and $50,000, respectively.

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
8/3/2004
Contractors Involved Penalty
Total
Halliburton $7,500,000
Further Information Released
SEC Press Release 1/8/2009

Federal Contractor Misconduct Database