Norwood Company Exec Pleads Guilty to Fraud
President of the Norwood-based Systemic Research Inc. pleaded guilty to defrauding the National Science Foudation.
Two executives of a Norwood company have pleaded guilty to charges alleging they defrauded the National Science Foundation. Federal investigators say Jason Jungsun Kim, President of Norwood-based Systemic Research, Inc., and Linda Crasco, the company's executive director, instructed employees to overstate labor expenses on projects funded by National Science Foundation Grants. Kim pleaded guilty in Federal District Court in Boston Tuesday to a charge of submitting a false claim. The company's president caused the National Science Foundation to be overcharged by approximately $105,000 in 2006 by instructing employees to overstate labor expenses and charged the foundation for materials that were used for non-science foundation projects, …
Cav1524
8:52 am on Tuesday, December 14, 2010
If you want people to stop ripping off the government, then don't give them a $500 fine, probation and seek "restitution" for another $5,000. Stick them on the boarder for 20 years digging a ditch and building a fence, you have to take their cushy lives away from them to set an example that will keep other people from ripping YOU (the tax payer) off. more ›