Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts

Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts

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The Small Bus. Admin. (SBA) administers the Service-Disabled Vet.-Owned Small Bus. (SDVOSB) program, reported in FY 2008 that $6.5 billion in fed. contracts were awarded to firms who self-certified themselves as SDVOSBs. Fraud and abuse in the SDVOSB program allowed ineligible firms to improperly receive millions of dollars in set-aside and sole-source SDVOSB contracts, potentially denying legitimate service-disabled vets. and their firms the benefits of this program. The auditor identified 10 case-study examples of firms that did not meet SDVOSB program eligibility requirements, which received $100 million in SDVOSB contracts, and over $300 million in additional 8(a), HUBZone, and non-SDVOSB fed. govAit. contracts. Illustrations.The most effective preventive controls involve the verification of information, such as verifying service-disabled status with the ... Our report documented 10 cases where the governmentwide self- certification system over the SDVOSB programanbsp;...


Title:Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts
Author:Gregory D. Kutz
Publisher:DIANE Publishing - 2010-11
ISBN-13:

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