2 Va. Execs Plead Guilty In $30M Contract Fraud
ALEXANDRIA, Va. (AP) â¿¿ Chief executives at two Arlington contracting firms have pleaded guilty to more than $30 million in contract fraud by falsely presenting a company as a minority-owned business.
Dawn Hamilton, the nominal president and CEO of Security Assistance Corp., pleaded guilty Friday in federal court in Alexandria. Keith Hedman, CEO of Protection Strategies Inc., pleaded guilty on Thursday. Two other executives at the companies have also entered guilty pleas.
Hamilton's company obtained security contracts from NASA and other government agencies by representing itself as a disadvantaged small business, giving it preferential treatment in bidding for contracts. Hamilton, a woman of Portuguese descent, qualified for preferential status under rules set by the Small Business Administration.
In reality, though, Hamilton was essentially a figurehead and her company was truly controlled by Hedman.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV