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The US Department of Justice has charged six people with millions of dollars in fraud related to tenders for the supply of IT products and services for government agencies. Among the victims are the Department of Defense and some intelligence services.
The first group of defendants, led by Victor Marquez from Maryland, allegedly used insider information to win tenders on non-competitive terms. This allowed Marquez's company to submit bids with predetermined, artificially low prices, which guaranteed victory. Marquez faces fraud and conspiracy charges and could face up to 70 years in prison. His accomplices are also accused of similar crimes.
In the second group, the main defendant was Breel L. Madison Jr., who for several years sold IT products totaling more than $9 million to his employer and government agencies through fictitious companies. It is believed that Madison spent part of the money received on the purchase of a yacht and a Lamborghini Huracan. If guilt is proven, the authorities intend to confiscate these assets. Madison Jr. faces conspiracy, bribery and money laundering charges and could spend up to 185 years in prison.
In October, the United States brought charges against the head of an IT company, Deepak Jain, who is accused of fraud and providing false data in order to conclude a contract with the SEC regulator.
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The first group of defendants, led by Victor Marquez from Maryland, allegedly used insider information to win tenders on non-competitive terms. This allowed Marquez's company to submit bids with predetermined, artificially low prices, which guaranteed victory. Marquez faces fraud and conspiracy charges and could face up to 70 years in prison. His accomplices are also accused of similar crimes.
In the second group, the main defendant was Breel L. Madison Jr., who for several years sold IT products totaling more than $9 million to his employer and government agencies through fictitious companies. It is believed that Madison spent part of the money received on the purchase of a yacht and a Lamborghini Huracan. If guilt is proven, the authorities intend to confiscate these assets. Madison Jr. faces conspiracy, bribery and money laundering charges and could spend up to 185 years in prison.
In October, the United States brought charges against the head of an IT company, Deepak Jain, who is accused of fraud and providing false data in order to conclude a contract with the SEC regulator.
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