Former Va. CEO Imprisoned for Illegally Winning Contracts
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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.
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