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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. Kevin B. Collins (Securities Violations)

The Securities and Exchange Commission settled a civil action against IBM employee Kevin B. Collins for aiding and abetting IBM client Dollar General Corp.‘s commission of accounting fraud. The SEC alleged Collins assisted Dollar General in a sham transaction that was designed to increase IBM’s revenue for fiscal year 2000 and increase Collins’ bonus compensation. Collins agreed to pay $95,000, including $48,769 in disgorgement, $21,231 in prejudgment interest and a $25,000 civil penalty. Around the same time in a related matter, the SEC settled an administrative proceeding against IBM involving Dollar General. See IBM Corporation misconduct instance “Securities Violations (Dollar General).”

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
6/26/2007
Contractors Involved Penalty
Total
IBM Corporation $95,000
Further Information Released
SEC Press Release 6/29/2007

See also:

Federal Contractor Misconduct Database