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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…

U.S. v. Moffat (Insider Trading)

In March 2010, former IBM senior vice president Robert Moffat pleaded guilty to one count of conspiracy to commit securities fraud and one count of securities fraud, admitting that he provided confidential information about two companies in an insider trading scheme that generated more than $25 million in illicit gains. In September 2010, Moffat was sentenced to six months imprisonment and a $50,000 fine. Moffat also faces civil charges filed by the U.S. Securities and Exchange Commission (see related IBM instance, “SEC v. Galleon Management LP, et al. (Insider Trading)”.)

Misconduct Type
Securities
Enforcement Agency
Justice
Contracting Party
None
Court Type
Criminal
Disposition
Pleaded Guilty
Date of Plea
3/29/2010
Contractors Involved Penalty
Total
IBM Corporation $50,000
Further Information Released
Criminal Information 7/14/2010

See also:

Federal Contractor Misconduct Database