Exec pleads guilty in $28 million bribery scheme

posted by
March 14, 2012
Arizona Republic    
Posted in News, PND News

"A former executive on Tuesday admitted his role in a $28 million bribery scheme involving the awarding of government contracts and is cooperating with prosecutors in their continuing investigation. Harold F. Babb, 60, pleaded guilty in federal court in Washington to one charge each of bribery and unlawful kickbacks. Babb was arrested in October along with three other men, including two employees of the U.S. Army Corps of Engineers. Prosecutors say their investigation has unmasked one of the largest and most brazen government procurement frauds in history. Babb, who has been in custody since his arrest, admitted participating in a complex, far-ranging scheme." (03/14/12)


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