MILWAUKEE (WTAQ) - One of Wisconsin's largest construction firms has agreed to pay $4 million to settle an FBI investigation into some of its billing practices.
The U.S. Attorney's office in Milwaukee said Wednesday that Miron Construction of Neenah signed a non-prosecution agreement in February.
Miron was alleged to have billed its labor costs improperly in cost plus fee arrangements for building projects in five Wisconsin school districts -- Abbotsford, Marathon, DC Everest, De Pere, and Waunakee.
As part of the settlement, Miron agreed to change some of its accounting practices. It also agreed to allow an independent monitor oversee its operations.
U.S. Attorney James Santelle said his office accepted the three-year agreement so Miron's employees can be protected.
The firm employs around 1,200 people. The agreement allows Miron Construction and its two top officials to neither admit nor deny the allegations.
(Story courtesy of Wheeler News Service)