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Pennsylvania Duo Pleads Guilty to $80 Million Government Contract Fraud

The Daily Hodl ·

Two Pennsylvania residents, Thomas E. Lauer and Rebecca J. Davis, have pleaded guilty to orchestrating a scheme to fraudulently secure over $80 million in government contracts reserved for small and disadvantaged businesses. The pair admitted to conspiring to commit major fraud against the United States between 2007 and 2014, including misrepresenting eligibility for Small Business Administration programs and veteran-owned status. Davis and Lauer have agreed to pay restitution of $6 million and $6.45 million, respectively, and each faces up to five years in prison.

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Summaries are written by AI from the original article. Not investment advice.

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