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Maryland company settles whistleblower suit for $1.55 million

A Maryland couple, Robert Yin and Karen Kaufman-Yin, and their company, COSMOS Corp., have agreed to pay $1.55 million to settle allegations that they
submitted false claims to the National Science Foundation, the Department of Commerce, the Department of Health and Human Services and the Justice Department. According the government, COSMOS charged government contracts for costs that were not allowed under the contracts, such as marketing and bid proposals. The company is also accused of shifting labor costs from private contracts to its government contracts.

The settlement of the whistleblower suit was reported on by Business Week on January 22, 2007.

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