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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…

False Claims in Connection With Defaulted Student Loans

CSC Accounts Management, Inc, doing business as CSC Credit Services, Inc., paid the United States more than $6.4 million to settle allegations that it made false claims in connection with defaulted student loans under the Federal Family Education Loan Program and the William D. Ford Direct Student Loan Program. The settlement resolves allegations that CSC Credit Services, Inc. submitted claims for payments of commissions and incentive bonuses relating to certain defaulted student loans that were consolidated in violation of applicable laws and regulations. The settlement also resolves allegations that CSC Credit Services, Inc. wrongfully certified that certain loans were eligible for consolidation, and claimed commissions of 18.5% on certain consolidated loans when it was entitled to a commission of only 10%.

Misconduct Type
Government Contract Fraud
Enforcement Agency
Education
Contracting Party
Education
Court Type
Civil
Disposition
Settlement
Date of Settlement
10/16/2000
Contractors Involved Penalty
Total
Computer Sciences Corporation $6,400,000
Further Information Released
DOJ Press Release 6/19/2006

Federal Contractor Misconduct Database