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Years Taken To Cut Off Wedtech
Government failed to disqualify Wedtech Corp from the 8a minority program after it ceased to be minority owned allowing $138 million in extra contracts while officials allegedly looted the company. Senate subcommittee testimony also alleges Lyn Nofziger and Wedtech officials sold $10 million of stock in an insider scheme. Nofziger denies securities violations. White House pressure helped Wedtech retain favored SBA status.
MENTIONED IN THIS ARTICLE
Washington
Wedtech Corp
White House
Lyn Nofziger
Wedtech
Nofziger