Hidden among all of our arguments concerning the Statute of Limitations is the stark fact that DCAA’s backlog makes this type of stupidity possible:
The United States Attorney’s Office has filed a civil fraud complaint against a Spokane Valley defense contractor.
The 104 page complaint alleges that Monaco Enterprises Inc., a defense contractor selling fire and security systems to U.S. Military Bases around the world, has been submitting hundreds of false claims for inflated payment to the U.S. Air Force and U.S. Army since at least 2008.
The claim specifically names the company’s CEO Eugene Monaco and COO Roger P. Barno. Monaco and Barno allegedly engaged in fraudulent over-billing of U.S. Military Bases by routinely hiding costs, premiums, and undisclosed profit the government.
Because of these fraudulent practices, the U.S. Attorney’s Office says the Department of Defense was defrauded out of millions of dollars.
The United States alleges that during the time period of Monaco, as president, CEO, and majority shareholder of the company, reaped over $14 million dollars in shareholder dividends and corporate bonuses from the company in addition to his regular salary.