By Associated Press - Tuesday, December 20, 2016

PROVIDENCE, R.I. (AP) - Two Rhode Island construction companies and several of their executives have agreed to pay $1 million to settle allegations that they wrongly took federal money meant for small businesses owned by women and minorities.

The Providence Journal (https://bit.ly/2gXO3r4 ) reports that Wallace Construction, of Warwick; Rosciti Construction, of Johnston; and four former and current company officials agreed to the settlement. They don’t admit fault or liability under the terms.

Authorities say they falsely submitted reimbursement requests for money earmarked for businesses owned by minorities and women, violating the federal false claims act.

Rosciti and Wallace have agreed to appoint internal compliance officers and external monitors to ensure they remain in compliance with disadvantaged business enterprise requirements.

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Information from: The Providence Journal, https://www.providencejournal.com

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