Former CEO of Virginia Beach defense contractor to pay $20 million to settle fraud allegations | Pilotonline

The former CEO of a Virginia Beach defense contractor will pay $20 million to settle allegations he worked with others to fraudulently obtain federal contracts that had been set-aside for small businesses, the Justice Department announced Tuesday.

The settlement reached by Luke Hillier is on top of a $16 million deal ADS Inc. and its subsidiaries reached two years ago with the federal government. Neither settlement came with any admission of liability.

According to the Justice Department, the combined settlements rank as “the largest False Claims Act recovery based on allegations of small business contracting fraud.”

Source: Former CEO of Virginia Beach defense contractor to pay $20 million to settle fraud allegations | Pilotonline