State judge cites "troubling and inadequate" case by DA against Kyriacos Pierides; fraud charges from sting against other execs now are under "review."
Universal Concrete Products and its president and co-owner, Donald Faust Jr., will pay $1 million to settle civil allegations that the firm falsified test records for concrete panels installed on Phase II of the $2.7-billion Dulles Metrorail Project.
A massive Dept. of Defense authorization bill that, at press time, was awaiting President Obama’s signature includes a provision to eliminate much of the fraud in individual surety bonds.
When, as expected, President Obama signs into law the National Defense Authorization Act, a new military spending bill, he probably won’t know about Section 874, which upgrades the minimum standards for surety-bond assets.
