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Colorado Springs Company And Its Owners Agree To Pay Over $400,000 To Resolve Allegations That It Improperly Obtained Small Business Research Funds

Bribery and corruption concept in business and politics with caucasian businessman and cash money in white envelope

DENVER, CO – United States Attorney Jason R. Dunn announced that Albido Corporation, along with two individuals, have agreed to pay over $400,000 to settle allegations that the company improperly obtained three awards through the Small Business Innovation Research Program based on false misrepresentations of eligibility for the program. The Small Business Innovations Research Program…