Danville Company Executives Allegedly Defraud Tennessee Valley Authority

Danville Company Executives Allegedly Defraud Tennessee Valley Authority

DANVILLE —Two executives of a Danville-based software company are accused of defrauding the Tennessee Valley Authority. Both men were arrested earlier this month in Contra Costa County by U.S. Marshals.

Autonomic Software Inc. purportedly sought fraudulent incentive payments from the TVA. The incentive money involves allegedly faulty software installations at schools in Rutherford County, Tennessee.

The president and CEO of the company Anthony Gigliotti faces federal charges for conspiracy to commit fraud. Specifically, he is charged with three counts of mail fraud and three counts of wire fraud.

The vice president and sales director, Alexander Gigliotti is charged with one count of conspiracy to commit wire fraud.

A prepared statement released by the U.S. Attorney for the Middle District of Tennessee describes the company’s alleged fraudulent business conduct.

Autonomic piggybacked on a TVA incentive program intended to reduce electricity costs at schools. Rutherford County schools were required to pay a portion of software installation costs to participate.

At one point, Autonomic duplicitously represented that zero software installation costs were incurred by the schools. However, Autonomic submitted 47 invoices totaling $588,240 to Lockheed Martin, administrator for the TVA incentive program.

The invoices represented that schools did incur costs associated with Autonomic Software installation. These invoices were used to obtain incentive payments from the TVA, which Lockheed Martin forwarded directly to Autonomic Software.

The suspects are presently no longer in custody, pending further court proceedings. If they are convicted, both men face up to 20 years in federal prison.

Danville Company Executives Allegedly Defraud Tennessee Valley Authority was last modified: September 28th, 2021 by admin
Categories: Contra Costa