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    The Impact of the Sarbanes-Oxley Act, the Dodd-Frank Act and the JOBS Act on Boards of Directors

    May 20, 2012

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    Michael B. Kirwan

    Jacksonville 904.633.8913

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    Supreme Court Clarifies Scope of Federal Fraud Statutes in Connection with False DBE Reporting on Federally Funded Projects

    On May 22, 2025, the U.S. Supreme Court issued a significant decision in Kousisis v. United States, affirming a six-year prison sentence for a contractor convicted of federal wire fraud for misrepresenting use of a disadvantaged business enterprise supplier on a project.