⏱ 2 min read
A Raleigh professor and his biotech firm are cooking the books, allegedly faking research grants for millions of dollars, and now they owe the US a cool $152,500.
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Dr. Michael Harrington, a millionaire professor at some point, and his company Genoverde Bioscience, made false and duplicative expense claims under government grants, including research on harvesting industrial hemp and trees, according to the feds.
The professor and his company also snatched up Payment Protection Program loans and then lied about getting loan forgiveness. They got those sweet PPP loans to keep their business afloat during the pandemic.
‘Small Business Innovation Research (SBIR) awards are highly competitive grants intended to fund American-owned small businesses to conduct research that will lead to the commercialization of innovative new products and services,’ said Megan E. Wallace, NSF’s Acting Inspector General. ‘The NSF Office of Inspector General is committed to ensuring the integrity of NSF’s SBIR grant program by holding accountable those who choose to engage in false claims and misrepresentation schemes.’
📋 Key Facts
- Crime: White Collar Crime
- Defendant: North Carolina
- Location: NC
- Source: DOJ Press Release
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