106.7 The Fan All News 99.1 WNEW CBS Sports Radio 1580

Former Va. CEO Imprisoned for Illegally Winning Contracts

View Comments
(credit: Thinkstock)

(credit: Thinkstock)

Latest News

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

ALEXANDRIA, Va. — The former CEO of an Arlington security contractor has been sentenced to six years in prison for illegally winning more than $150 million in government contracts that were supposed to have been set aside for disadvantaged and minority-owned businesses.

Fifty-three-year-old Keith Hedman had been CEO of Protection Strategies Inc. In March Hedman admitted that he secretly controlled another Arlington firm, Security Assistance Corp., where he had installed a Portuguese-American woman as figurehead CEO so it could be eligible for preferential treatment on government contracts.

Hedman also admitted paying $50,000 in bribes to a government employee for help in winning contracts.

Hedman personally profited by $1.5 million from the scheme.

The six-year sentence was close to what prosecutors sought and more than the one- to two-year term sought by the defense.

Follow WNEW on Twitter.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,548 other followers