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Tag: fraud
Business
Former contractor accused of spending PPP loan on Harley, personal use
A former construction company owner obtained a paycheck protection loan for $841,000 – some of which he is accused of spending on a Harley-Davidson motorcycle.
September 2, 2020
Dealers
Sandusky-based Construction Equipment & Supply owner sentenced to prison for phony bill fraud
Scott C. Wagner, owner of Construction Equipment & Supply in Sandusky, Ohio, has been sentenced to 75 months in prison in a phony bill scam, reports The Toledo Blade. The judgment also included a $25,000 fine. In July, a jury convicted Wagner of 26 counts related to fraud involving two clients; he later pleaded guilty […]
November 22, 2017
Roadbuilding
New inspector general to seek out waste in WisDOT
The Wisconsin Department of Transportation will create a new position to lead an effort to root out waste, fraud and abuse. The new inspector general’s tasks include reviewing all programs and initiatives to look for cost savings and then make recommendations for improvements, according to a WisDOT news release. The new position was created by […]
October 2, 2017
Home
Contractors: How to know if you’re being embezzled
There’s a better than average chance a small business will be the victim of embezzlement. What you can do to spot – and correct – the situation. Times were good in the early 2000s when a Southern California contractor went looking for a financial manager. “This candidate was far above anyone else we interviewed,” the contractor […]
August 31, 2017
Business
Boggs Paving responds to indictment on charges of government contract fraud
Earlier this week, we reported on a North Carolina paving contractor indicted by a grand jury on charges of government contract fraud. According to the allegations, Monroe-based Boggs Paving used Styx Cuthbertson Trucking Company Inc., a certified Disadvantaged Business Enterprise, as a pass through to obtain 35 federally funded contracts worth $87.6 million. Boggs has since released […]
July 31, 2013
Construction Equipment
Terex agrees to pay $8 million to settle fraud charges by SEC, admits no wrongdoing
The Securities and Exchange Commission yesterday charged Westport, Conn.-based heavy equipment manufacturer Terex Corp. with accounting fraud for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company. Terex has agreed to settle the SEC’s charges […]
January 15, 2010
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