June 28, 2013
ALEXANDRIA, Va. – The chief executive officer of a Virginia-based security contracting firm was sentenced today to serve 48 months in prison for serving as a figurehead owner of a front company created to obtain more than $31 million intended for disadvantaged small businesses through the Small Business Administration’s (SBA) Section 8(a) program, which allows qualified small businesses to receive sole-source and competitive-bid contracts set aside for minority-owned and disadvantaged small businesses.