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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. Gardner, et al. (Aiding and Abetting Financial Fraud)

The Securities and Exchange Commission filed a settled enforcement action against Larry A. Rodda, a former principal and managing director of KPMG Consulting LLC (later renamed BearingPoint Inc.) for his role in aiding and abetting a major corporate accounting fraud. Rodda was charged by the SEC in 2004 with aiding and abetting a massive financial fraud orchestrated by senior officers at Peregrine Systems, Inc., a California software company. According to the SEC, Rodda knowingly signed sham software license agreements that allowed Peregrine to inflate its stock price from fiscal year 2000 through the third quarter of fiscal year 2002. Without admitting or denying the SEC’s allegations, Rodda agreed to pay a $80,000 civil penalty. In 2004, Rodda pleaded guilty to one count of criminal conspiracy in a related criminal case. See related BearingPoint Inc. instances, “Criminal Conspiracy” and “Aiding and Abetting Financial Fraud.”

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
2/6/2008
Contractors Involved Penalty
Total
BearingPoint Inc. $80,000
Further Information Released
Consent and Final Judgment 4/26/2008
SEC Press Release 4/26/2008

See also:

Federal Contractor Misconduct Database