Menu

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…

False Claims Arising from Taylor, Bean & Whitaker Audits

Deloitte & Touche LLP agreed to pay $149.5 million to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed originator of mortgage loans insured by the Federal Housing Administration. The government alleged that audits Deloitte issued for TBW for fiscal years 2002 through 2008 deviated from applicable auditing standards and failed to detect TBW’s fraudulent conduct and materially false and misleading financial statements. TBW declared bankruptcy in 2009, and a number of TBW officials were criminally convicted in connection with the conduct at issue.

Misconduct Type
Government Contract Fraud
Enforcement Agency
Justice
Contracting Party
Housing and Urban Dev.
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
2/28/2018
Contractors Involved Penalty
Total
Deloitte LLP $149,500,000
Further Information Released
DOJ Press Release 2/28/2018

Federal Contractor Misconduct Database