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**leijggeds** · 10-26-2011, 02:09 PM

In another case, Northrop Grumman paid US$62 million in 2005 to settle charges that it "engaged in a fraud scheme by routinely submitting false contract proposals," and "concealed basic problems in its handling of inventory, scrap and attrition." Despite the serious charges of pervasive and repeated fraud, Northrop Grumman received US$12.9 billion in contracts the next year, 16 percent more than the year before.

Northrop (NGC) has 3 fraud cases that went to court in the last 20 years -
* the Nira Schwartz case, involving her discovery of fraud & TRW missile defense. Northrop bought TRW and TRW divisions are a big part of NGC.
* the Bidley/ Ridley (i forget the whistle blowers exact name), he was represented by Phillips & Cohen in San Fran. recovery was about $110 million.
* this $62 M. case.

well, NGC can at least advertise "consistency".

10-26-2011, 02:09 PM	#9
leijggeds Join Date Oct 2005 Posts 474 Senior Member	In another case, Northrop Grumman paid US$62 million in 2005 to settle charges that it "engaged in a fraud scheme by routinely submitting false contract proposals," and "concealed basic problems in its handling of inventory, scrap and attrition." Despite the serious charges of pervasive and repeated fraud, Northrop Grumman received US$12.9 billion in contracts the next year, 16 percent more than the year before. Northrop (NGC) has 3 fraud cases that went to court in the last 20 years - * the Nira Schwartz case, involving her discovery of fraud & TRW missile defense. Northrop bought TRW and TRW divisions are a big part of NGC. * the Bidley/ Ridley (i forget the whistle blowers exact name), he was represented by Phillips & Cohen in San Fran. recovery was about $110 million. * this $62 M. case. well, NGC can at least advertise "consistency".
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