NCI Inc: Jon Frank
Former Vice President and Controller of Reston-based government IT contractor NCI Inc., Jon Frank pleaded guilty to embezzling over $19 million over a 10-year span.
Beginning in 2007 until he was discovered in January 2017, Jon Frank initiated transfers from the company’s bank account into his personal accounts totaling $19,440,331.
NCI designs, installs, and runs IT systems and network for government agencies including the US Army, Air Force, and National Guard. NCI is still attempting to recover misappropriated funds and suffered massive reputation damage as a result of Mr. Frank’s actions.
ClearForce could have identified Mr. Frank’s unusual financial behavior in real time, thus allowing earlier investigation and intervention. ClearForce could have notified leadership early regarding significant and unusual increase in personal financial debt.