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GSA Contractor University Loft Company to Pay U.S. $400,000 to Resolve Contract Fraud Allegations   no comments

Posted at 4:31 pm in General

Following an investigation of alleged false claims and contract fraud, J Squared Inc., d/b/a University Loft Company, has reached a settlement with the United States, the Justice Department announced today. Indiana-based University Loft Company has agreed to pay the United States $400,000.

The settlement resolves allegations that the company knowingly sold Malaysian-made furniture to government purchasers in violation of the Trade Agreements Act (TAA). To further government trade policy, the Trade Agreements Act sets requirements for the country of origin of products sold to the United States. University Loft Company was required to comply with the TAA under contracts with the General Services Administration that allowed it to sell to the military and other government purchasers. University Loft Company competitor Furniture by Thurston Inc., and Lee Thurston filed this lawsuit on behalf of the U.S. government and will receive a $66,000 share of the recovery. Under the False Claims Act, private citizens can bring suit on behalf of the United States and share in any recovery obtained by the government. Read the rest of this entry »

Written by admin on June 26th, 2009

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