This course is designed for any company, private or public, that purchases from outside vendors and is concerned about fraud in the purchasing process. The Federal Bureau of Investigation, along with the Office of Inspector General for many other government agencies, investigates procurement fraud and corruption in partnership with the Department of Justice – Antitrust Division. Nearly $20 billion is spent annually in Southern California, and over $550 billion federally, on government contracts for goods and services alone. Additionally, there will be a discussion about how procurement fraud is tied directly to corruption of government officials, both domestic and foreign, at the local, state, and federal levels. This is an important topic as procurement fraud and collusion create an imbalanced and unfair marketplace that directly impacts corporations and the end consumer in price, availability, and overall quality of a product.
1. Procurement Fraud Red Flags – Learn background and trends in procurement fraud, as well as how to identify potential red flags in the purchasing process for your company.
2. Procurement Collusion Strike Force – Ask questions to and gain inside knowledge from OIG investigators and DOJ attorneys during a roundtable discussion about the Strike Force.
3. Leniency Program—Learn how the DOJ Antitrust Division’s Leniency Program is successfully applied to those companies who identify and self-disclose collusion and fraud.
4. Case Examples – The FBI will present case studies which show the effectiveness of Law Enforcement partnerships and their impact on contracting officials and subject companies.
Presenters: Federal Bureau of Investigation, Department of Justice, Antitrust Division, Procurement Collusion Strike Force
Who should attend: This course is designed for any company, private or public, that purchases from outside vendors and is concerned about fraud in the purchasing process.