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Violation Tracker Individual Record

Company: CBM Company
Penalty: $2,402,102
Year: 2024
Date: July 22, 2024
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Bus parts supplier CBM entered into a non-prosecution agreement (NPA) with the U.S. Attorney's Office in the Southern District of New York. Under the NPA, CBM agreed to pay significant monetary penalties for engaging in a scheme to defraud U.S. transit authority customers through false and misleading statements about the sources of contracted-for bus parts during the period from approximately 2010 to April 2021. Specifically, the NPA requires CBM to forfeit $463,243.41 to the United States, representing its profits from the scheme, and pay a fine of $1,500,000. In addition, CBM has agreed to pay restitution to victims who submit claims and to revert unclaimed funds up to $438,859.52 to the Crime Victims Fund, administered by the Department of Justice's Office for Victims of Crime. The NPA also requires that for at least two years from the date of the agreement, CBM will further cooperate with the United States, self-report any future violations of U.S. law, and continue its ongoing efforts to implement and maintain an adequate compliance program. In the event that CBM violates the NPA, the U.S. Attorney's Office may prosecute CBM for any newly discovered criminal activity and for the conduct that gives rise to the NPA.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.