Criminal Law

Wilmington Tech Co-Owner Pleads Guilty to Defrauding US Government Agencies

A Delaware man pled guilty to intentionally making false claims and payment requests to U.S. agencies through his technology company based out of Wilmington, U.S. Department of Justice officials announced Wednesday. 

According to officials, from 2008 through 2016, Pengcheng Lv, co-owner of AlphaSense Inc., sought funds for scientific research from a number of agencies including the U.S. Department of Energy, Air Force, Navy, Army, Defense Advanced Research Projects Agency, National Science Foundation, and NASA. 

Grant applications from LV were submitted through the highly competitive Small Business Innovation Research and Small Business Technology Transfer programs, which “encourage domestic small businesses to engage in federal research and development that has the potential for commercialization,” officials said.

Read the source article at wdel.com

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