The federal government has accused three former contractors of ripping off $3.6 million from the Federal Deposit Insurance Corp. and Resolution Trust Corp.

William W. Lange and Alisha A. Jensen Lange, a married couple in Corona Del Mar, Calif., and accountant Richard H.W. Bennett of Yorba Linda, Calif., were charged July 15 with overbilling and lying to obtain government contracts, the FDIC inspector general said. The contractors face a maximum $40.8 million in damages and fines.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.