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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…

Adelphia Recovery Trust v. Deloitte & Touche

The Adelphia Recovery Trust reached a $167.5 million settlement of its claims against Adelphia’s former auditor, Deloitte & Touche LLP. The trust was formed after Adelphia Communications Corporation collapsed in 2002 as the result of an accounting fraud that led to the criminal convictions of its founder, John J. Rigas, and his son Timothy. Deloitte served as Adelphi’s audit firm from the mid-1980s to May 2002, when Deloitte suspended its work based on the belief that Adelphia’s books and records had been falsified. Deloitte denied any wrongdoing. See related Deloitte instance, “SEC v. Deloitte & Touche (Adelphia Communications Audit)”

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
8/3/2007
Contractors Involved Penalty
Total
Deloitte LLP $167,500,000
Further Information Released
Adelphia Recovery Trust Press Release 5/7/2011

See also:

Federal Contractor Misconduct Database