Fake HUBZone Contractor Gets 1 Year In Prison, $7M Fine
Post date
October 05, 2015
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By Bryan Koenig, Law360
Law360, Washington (September 16, 2015, 2:00 PM ET) -- An Ohio federal court has sentenced a construction company owner to a year in prison and a $6.76 million fine for lying about where his company was based to qualify for federal contracts under Historically Underutilized Business Zone set-asides, prosecutors said.
According to the U.S. Department of Justice and court records, William “Buster” Richardson III had pled guilty to one count of wire fraud a week after his April 9, 2014, indictment, which alleged he lied to the U.S. Small Business Administration that his firm...
