Evertec agreed to pay $4.8 million to settle allegations that the...
Evertec agreed to pay $4.8 million to settle allegations that the company violated the False Claims Act and agreed to cooperate with a govt. investigation related to its E-Rate participation. The company, formerly known as GM Group, also said…
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it would develop an ethics and compliance program, the U.S. Attorney’s Office, Northern Dist., Cal., said Fri. The govt. alleged the company claimed funds for goods and services that weren’t eligible for E-Rate funding while acting as a subcontractor to Video Network Communications on a project in Highland Park School Dist., Mich. 2001-2002. The govt. also said GM Group falsely filed a similar claim in connection with projects at Academia Cristo Rey and Colegio Santisimo Rosario in Puerto Rico 2000-2004. No E-Rate funds were given to the company for the Puerto Rico projects, officials said.