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Salvatore Pepe, LBG's former Chief Financial Officer, and Precy Pellettieri, the former Controller, admitted to conspiring to defraud USAID by obtaining contract payments billed at falsely inflated overhead rates.
Pepe and Pellettieri admitted that from September 2001 through August 2007, they agreed with each other and others to bill USAID and other federal agencies for LBG's overhead costs at falsely inflated overhead rates.
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But overhead can be inflated to increase profits.
Two audits of the company found that some labor and overhead costs had been inflated.
Seed: smooth, collar inflated.
Expectations are commonly inflated.
Prices are wildly inflated.
Scores were probably inflated.
His torso inflated.
Seed: smooth, shiny, collar inflated.
Balloon Is Inflated 10 45.
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