In an agreement with the Justice Dept., Caddell Construction Co. has paid a $2-million penalty to settle criminal fraud charges that the company intentionally made false statements to the Dept. of Defense concerning a small firm with which Caddell worked on three military construction projects.
Under the agreement, announced on Dec. 27, Justice will not prosecute Montgomery, Ala.-based Caddell for its allegedly improper pay requests to DOD that included the false information. Justice noted Caddell’s “substantial cooperation,” voluntary disclosures and improvements in its reporting systems and in compliance training and oversight. The agreement extends for two years.