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Tag: Government Accountability Office

To the Moon or To the Jail? Social Media Stock Promoters Are Back in the Government’s Crosshairs

May 16, 2022
Federal False Claims Act, Financial Industry, Investigations

Takeaways:

Stock promoters have moved from boiler rooms and stock newsletters to social media services.
The COVID-19 pandemic and the “meme stock” mania that accompanied it brought an influx of retail traders to public markets.
Those retail investors have proven to be prime fodder for social media stock promoters.

Flaws Found in Body Armor Tests

October 29, 2009
Defense Industry, Federal False Claims Act

The Government Accountability Office has reported that the the Army deviated from established standards in testing conducted last year of ballistic vests that contain hardened ceramic plates that protect the upper bodies of soldiers from enemy bullets and shrapnel. The audit recommends pulling 33,000 ceramic plates from the Army’s inventory of nearly 2 million.