Texas A&M research foundation to pay $750K to settle claims
HOUSTON (AP) — A foundation associated with the Texas A&M University System will pay $750,000 to settle federal claims that it overinflated expenses and overcharged the federal government to cover salaries.
The U.S. Attorney’s Office in Houston said in a statement Thursday that the Texas A&M Research Foundation submitted improper charges from 2007 to 2016.
The foundation is an independent nonprofit that facilitates research and development within the A&M System. It receives federal grants and contracts through various federal agencies.
Officials began investigating the foundation after employees sued.
The whistleblowers said the foundation violated salary caps, wrongfully awarded longevity pay and committed other irregularities.
In a statement, the A&M System says that while the foundation denies violating any federal law, “there were a few instances where mistakes were made.”