No bid government contracts scam

 

https://x.com/OKeefeMedia/status/1980350156579962890

Wall Street Apes

@WallStreetApes

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1h

BOMBSHELL undercover reporting by

@JamesOKeefeIII

@OKeefeMedia

No-bid government contracts are being given to minority owned businesses, they then subcontract the work to bigger businesses, have them do the work and they both pocket hundreds of millions (WHAT A SCAM) “behind the facade, our investigation uncovers a network of so-called 8A pass-through schemes shell companies exploiting those very programs for profit. According to the SBA, the Biden-Harris administration awarded more than $630 billion and federal contracts to these companies with over $183 billion in 2024 alone. Our undercover investigation reveals how these firms secure no-bid federal contracts, skim over half of the money off the top, 65% of the money, and subcontract nearly all the work” “So we do about 20% of the work.” “Defrauding taxpayers like you and betraying the very communities these programs were meant to uplift.” “ATI Government Solutions is a technology services company that acquires contracts to provide federal departments with next-generation computing solutions. ATI acquires hundreds of millions of taxpayer dollars for these contracts and have been particularly successful in this due to their supposed Native American 8(a) tribal status, meaning they're a Native American owned small business which is heavily favored by federal contracts — Melaine Cromwell goes on to explain that because ATI is supposedly Native American owned, they are heavily favored by government contracts and often acquire hundred million dollar contracts with no bidding war. This enables them to, quote, pass through the majority of the work to companies that wouldn't usually be eligible while keeping the majority of the compensation for themselves.” “There's a big bid out and there's a company that wants to bid on it that's not Native American, all they do is partner with you. They use their people, they subcontract to them, right? They're your subs. So a lot of our subcontractors bid on contracts that were perfect in their industry, but because they weren't Native American, they wouldn't win it. So we bid on it for them. They became our sub and it's an automatic win because of the you automatically will win that contract because of your Native American status. There's no bidding war. No bidding war. Because of your Native status. You get it. A pass-through scheme is when an 8(a) small business acts as a front to win government contracts meant for disadvantaged firms. Instead of actually doing the work, it passes the contract to a larger, ineligible company, violating SBA rules and defrauding the government. And defrauding you, the taxpayers.”