Patriot Enterprises, LLC (360 Patriot), located in Alexandria, VA, and its former minority shareholder, 360 Ventures LLC, located in Wilmington, agreed to pay a combined $1.12 million to settle civil fraud allegations that 360 Patriot was awarded two U.S. Army contracts set aside for service-disabled veteran-owned small businesses at a time when a service-disabled veteran did not control 360 Patriot.
Patriot Enterprises provides consulting services.
Companies must meet defined eligibility criteria to qualify for the designation, including that the company is at least 51% unconditionally and directly owned and controlled by one or more service-disabled vets.
The United States alleged that from March 2015 to December 2017, 360 Patriot was controlled by a non-disabled veteran, and 360 Ventures facilitated non-service-disabled veteran control of the company under previous ownership and management.
During that time, 360 Patriot was awarded two Army contracts that were set aside for qualified companies.
360 Patriot’s current management submitted a written contract or disclosure to the Department of Defense Office of Inspector General in October 2020, describing the company’s likely prior control by a non-service disabled veteran.
The resolutions obtained in this matter resulted from a coordinated effort between the U.S. Attorney’s Office for the Eastern District of Virginia; the Defense Criminal Investigative Service; U.S. Army Criminal Investigation Command, Major Procurement Fraud Unit; and the Naval Criminal Investigative Service.
The civil claims settled by the settlement agreement are allegations only; there has been no determination of civil liability.
