Woodward Governor involved in federal investigation and fraud conviction
Skokie-based MPC, acquired in October 2008 by Woodward Governor Co. and renamed Woodward MPC Inc., also will pay $2.5 million in fines in a related criminal prosecution, the U.S. Department of Justice said.
Joe Caputo, a longtime pricing analyst for MPC Products Corp. in Skokie, stands to collect 15 percent to 25 percent of a $22.5 million civil settlement between the company and the government, according to his attorneys.
The government paid high prices for MPC parts. This same payment record allowed MPC to discount their rates to private industry in which it sought to gain a greater foothold, according to court documents.
Click on the following for more details: Daily Herald | Mount Prospect man goes undercover for government
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