- Associated Press - Thursday, December 15, 2016

SPOKANE VALLEY, Wash. (AP) - Monaco Enterprises Inc. will pay $5 million to settle a lawsuit alleging the Spokane Valley company siphoned millions of dollars from the federal government by overbilling or billing for services it never provided.

Two whistleblower lawsuits were filed against the company in 2012 and the federal government joined the lawsuits.

The four whistleblowers will receive $1 million from the settlement to split.

The Spokesman-Review says Monaco has been a federal contractor since the 1970s, providing fire and security systems to U.S. military bases. Court documents in the case accuse the company of overcharging for airfare and preparing false invoices to give to auditors.

Monaco Enterprises denied the accusations and continues to perform work for the federal government.

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Information from: The Spokesman-Review, https://www.spokesman.com

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