Reports

MacDermid Incorporated, a Waterbury-based company that provides chemical products and technical services, has paid $2,226,623.62 to settle False Claims Act allegations that Coventya Inc., a company MacDermid Incorporated acquired in 2021, falsely certified its eligibility to receive a Paycheck Protection Program loan.

The Tennessee Valley Authority (TVA) has set a goal of increasing its solar capacity to 10,000 megawatts by 2035. Due to issues in the solar industry resulting in project delays and price increases, we performed an audit of TVA’s solar power purchase agreements (PPAs). Our audit objectives were to determine (1) how supply chain disruptions, construction and in‑service delays, contract restructuring, and other factors have affected TVA’s solar PPAs and (2) if any restructured PPAs are still in TVA’s financial interest. Our audit scope included solar PPAs that were in place as of February 8...

ATLANTA - Brian H. Sperber and Edmond S. Norkus have received prison sentences for conspiring to commit wire fraud in a scheme in which the men tricked expectant purchasers of personal protective equipment out of more than $14 million.

A federal grand jury returned a seven-count indictment last week against Akash Kumar Singh, 48, of Sacramento, charging him with four counts of bank fraud and three counts of money laundering.

Baltimore, Maryland – U.S. District Judge Richard D. Bennett, today, sentenced Joseph Gillespie, age 35, of Baltimore City, Maryland, to four years in federal prison and three years of supervised release in connection with a bribery scheme and conspiracy to commit wire fraud scheme involving COVID-19 CARES Act relief benefits.

FEROZ JALAL participated in a scheme to defraud banks and the U.S. Small Business Administration.