Government Contractor Agrees to Pay $11 Million for Criminal and Civil Cost Inflation Scheme

Schneider Electric Buildings Americas Inc. as agreed to pay $11 million to end criminal and civil investigations into the company’s fraudulent activity regarding contracts with the U.S. government. Schneider Electric has faced probes regarding their contracts to install a variety of energy saving upgrades to federal buildings. The company was contracted install solar panels, LED lighting, and insulation at federal facilities.