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The class-action lawsuit was filed in the United States District Court for the Southern District of New York on Feb. 23, 2012. It alleges that SAIC’s failure to disclose the possible overbilling issue in relation to CityTime made its statements to investors false or misleading in violation of the federal securities laws. ~Hagens Berman Press Release
The contract to build a computerized timekeeping system for the city was taken over by SAIC in 2000. Somewhere along the way, the project degenerated into a massive kickback and bill-padding scheme that has cost the city more than $650 million. The scandal has already brought down two high-ranking former SAIC employees, project manager Gerard Denault, who is charged with receiving at least $5 million in kickbacks, and chief engineer Carl Bell, who pleaded guilty in June 2011 to fraud and money laundering. It also prompted SAIC to fire three key executives last fall.~Big Trouble in the Big Apple… Neil Gordon, POGO
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION ENTERS INTO AGREEMENT WITH MANHATTAN U.S. ATTORNEY’S OFFICE TO FORFEIT MORE THAN $500 MILLION IN CONNECTION WITH CITYTIME PROJECT
Largest Known Single Recovery in a State or Municipal Contract Fraud Case Forfeiture Action Also Filed Against Assets of Technodyne and Its Principals, Padma and Reddy Allen
AP Exclusive: US ignores vet graves in Philippines
Jim Gomez – (AP) – CLARK, Philippines -July 3, 2011 – Walking along the rows of tombstones here offers a glimpse of the wars America has fought and the men and women who waged them. But most of the grave markers have been half-buried for 20 years, and there is little hope that the volcanic ash obscuring names, dates and epitaphs will be cleared any time soon.
Clark Veterans Cemetery was consigned to oblivion in 1991, when Mount Pinatubo’s gigantic eruption forced the U.S. to abandon the sprawling air base surrounding it. Retired U.S. soldiers, Marines and sailors volunteer to keep watch, relying on donations to try to maintain the grounds, but they lament that they’re helplessly short on funds to fix things, and that Washington is unwilling to help.
“It’s the veterans’ cemetery that America forgot,” Vietnam War veteran and ex-Navy officer Robert Chesko said.
As America marks Independence Day, the U.S. veterans who collect funds to care for the cemetery renewed their calls for Washington to fund and take charge of the work. (Click HERE for article)
Accused Navy employee’s actions raised questions
John E. Mulligan – (The Providence Journal) – WASHINGTON – July 3, 2011 – Four years ago, defense contractor Curt Renshaw joined a Navy competition to solve a computer problem that impeded submarine communications with the surface fleet and the rest of the outside world.