Oakdale businessman faces charges over military contract
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The president of a business located in Oakdale and Ford City faces wire fraud charges stemming from a contract to demolish a Departmentof the Navy building in South Carolina, according to court documents filed today.
Michael Fullard, of Fullard Environmental Controls, got the contract to raze a building at the Marine Corps Air Station in Beaufort, S.C., in 2006, through a Small Business Administration program that steers negotiated-price federal contracts to minority-owned businesses, according to a criminal information filed in U.S. District Court. The program requires that the businesses disclose their subcontractors and profit margins.
Fullard Environmental negotiated a $2.2 million contract, and was paid that amount, the information said. It did not disclose that the bulk of the work was subcontracted out to another firm for $800,000, and that its profit margin was above 10 percent, which constitutes fraud, it said.
No one could be reached for comment at the phone number listed for Fllard Environmental.
First Published June 25, 2012 5:11 pm