All U.S. Navy articles

  • Navy ship
    News Brief

    Austal reaches $49M deal with DOJ, SEC over accounting, securities fraud, false claims

    2024-08-27T21:40:00Z

    The U.S.-based subsidiary of Australian defense contractor Austal will pay $48.8 million in fines and restitution to settle allegations that it committed accounting and securities fraud, misled federal auditors, and violated the False Claims Act.

  • Navy ship
    News Brief

    SEC charges three Austal USA execs with accounting fraud

    2023-04-03T19:21:00Z

    Three executives at the U.S. subsidiary of Australian defense contractor Austal Limited were charged with accounting fraud for allegedly participating in a three-year scheme to lower cost estimates and prematurely book revenue.

  • Navy ship
    Article

    CEO of Navy contractor charged with bribery

    2021-10-19T16:13:00Z

    Frank Rafaraci, CEO of Malta-based ship maintenance company Multinational Logistics Services, has voluntarily returned to the United States to face a criminal charge for his alleged role in a bribery scheme.

  • Blog

    ICOs, Santa, and the DEA

    2017-09-08T11:30:00Z

    Title: ICOs, Santa, and the DEAIn case you missed it this week, cryptocurrencies have a historic week, the military continues to ignore sexual misconduct allegations, and physically dragging passengers off of an airline isn’t considered a civil rights violation, after all.