In an effort to prevent fraud and contract corruption in deployed locations, a task force has been put in place to investigate suspected fraud and help servicemembers protect themselves. Servicemembers must stay away from the temptation of committing fraud or taking kickbacks for contracts. "It is always a good idea to have people around when you are making a money transaction with a contractor," said FBI Agent Alethea Harris. "Keep logs of the work you do, with justifications to why you did it." The penalty for military members involved in taking bribes or committing contract fraud or larceny is severe. The maximum penalty for larceny is a dishonorable discharge, reduction to E-1, a fine, forfeiture of all pay and allowances and confinement for ten years, according to Article 121 of the Uniform Code of Military Justice.
For financial tips and guides on personal finance, visit the Military.com Finance Center.
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Protect Yourself from Fraud
Week of September 06, 2010
Current Issue
- TRICARE Troubles Loom
- 'Ticking Bomb' View of Veterans Erroneous
- Rideshares Sought in Northern Virginia
- $250k Protection for $18.15 a Month
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- Send Valentines to Veterans
- TRICARE Helps Transition
- Top 15 High-paying Jobs for Vets
- Benefit Calculator: Benefits in One Place
- Post 9-11 GI Bill Changes Now in Effect
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- Army Band to Celebrate Anniversary
- AF Changes Family Care Plans
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- Navy to Dump BCG Eyeglasses
- AF Reinstates PFT Rules
- Army Adds Newsroom to App
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- Navy Offers Early Retirement
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- Homebuying Myth: Renting Less Expensive
- $200k Protection for $14.52 a Month
- AF O-6 Promotions Announced
- AF Employee Leadership School
- College Credit for Marines
- African-American History Month
- Deal of the Week: KinderCare
- VA Loan Facts for 2012
- Consumer Financial Protection
- Navy Lodge North Island Opens
- Navy's New Tuition Assistance Policies
- New Website for Military Kids
- Sailors Reminded to Designate Benefits
- Top 35 Veteran Employers
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- 'Navy Week' Schedule Announced
- Army's World-Class Athletes
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- Corps of Engineers Offers Internships
- Cold War Satellites on Display
- VA Eyes Paperless Claims
- Vets Sought in Kansas, Nebraska
- VA Home Loan Program
- Report Looks at PTSD TBI Programs
- Navy Equal Opportunity Symposium
- Navy Updates High-Year Tenure
- Separation Pay for Sailors
- Join Us at the Spouse Summit March 2-3
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