NATIONAL SCIENCE FOUNDATION OFFICE OF INSPECTOR GENERAL OFFICE OF INVESTIGATIONS CLOSEOUT MEMORANDUM Case Number: 1-11060028 Page 1 of 1 NSF OIG participated in a multiagency investigation of a company 1 to determine whether allegations that the company was not performing work on its multiple federal awards were substantiated. During the course of the investigation, we determined that while the initial allegations were not "substantiated with respect to certain Federal grants and contracts, the company had significantly underspent multiple Phase I SBIR awards, retaining excess profit well above the 7% permitted by the SBIR program and approved in the associated budgets. After the matter was declined by the Department of Justice, we recommended that NSF recover underspent Phase I award funds for the two NSF SBIR Phase I awards implicated. 2 NSF concurred with our recommendation, and the company returned a total of $152,911 of underspent Phase I awards to NSF. This case is closed. 1- 2 NSF Award Numbers NSF OIG Form 2 (11/02)
Published by the National Science Foundation, Office of Inspector General on 2014-10-01.
Below is a raw (and likely hideous) rendition of the original report. (PDF)