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You are here: Home / Government Contracting News / Bid-rigging ringleader sentenced to 88 months

October 12, 2015 By AMK

Bid-rigging ringleader sentenced to 88 months

A Great Falls, Virginia, businessman was sentenced a little more than seven years in prison for bribing officials at the Army Corps of Engineers for contracts.

usaceYoung N. Cho, also known as Alex Cho, received an 88-month sentence and must repay $7.6 million to the Corps for his role in the bid-rigging scheme, according to the Department of Justice. He also must pay a forfeiture judgment of another $6.9 million. The sentencing took place on Oct. 8, a day before the Justice Department announced it.

From 2007 to 2011, Cho, as chief technology officer for Nova Datacom, paid $17 million in bribes to former Army Corps program manager Kerry F. Khan and another $1 million to former program manager Michael A. Alexander to get government contracts, according to the Justice Department. He also conspired with officials to steer a contract worth nearly $1 billion to his company, according to Justice.

Keep reading this article at: http://www.federaltimes.com/story/government/acquisition/2015/10/09/bid-rigging-ringleader-sentenced-88-months/73666058/

Filed Under: Government Contracting News Tagged With: ACE, Army Corps of Engineers, bid rigging, bribe, bribery, corruption, DOJ, FBI, fraud, Justice Dept., money laundering

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