A Florida shipyard and its president will pay a $1 million fine for a scam designed to siphon off federal contracts meant for small businesses run by disabled veterans. The fine will "resolve allegations" that North Florida Shipyards Inc. and president Matt Self violated the False Claims Act by creating a shell company in order to obtain U.S. Coast Guard contracts that were designated for Service Disabled Veteran Owned Small Businesses , the Justice Department announced Wednesday .
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