ABS Development Corporation Agrees to Pay $2.8 Million to Settle False Claims Act Allegations and to Waive Administrative Claims

The Department of Justice has announced that ABS Development Corporation (ABS) has agreed to pay $2.8 million and give up $16 million in potential administrative claims to settle allegations that it violated the False Claims Act by fraudulently obtaining a foreign military sales contract reserved for American companies.  ABS, a Delaware corporation based in New York, is a subsidiary of Ashtrom International, Ltd. of Israel.