Violation Tracker Individual Record

Company: 
EDF Resource Capital Inc.
Penalty: 
$6,000,000
Year: 
2015
Date: 
August 28, 2015
Offense Group: 
government-contracting-related offenses
Primary Offense: 
False Claims Act and related
Violation Description: 

EDF Resource Capital Inc. and its CEO, Frank Dinsmore, agreed to resolve allegations that they violated the False Claims Act and otherwise failed to remit payments owed to the Small Business Administration under the 504 loan program. Under the settlement agreement, EDF and Dinsmore agreed to make payments and turn over certain assets to the United States for a total settlement of approximately $6 million.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.