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Former Intellipeak exec Philip Flores sentenced to 48 months for bribing a Navy official to secure $16M in no-bid contracts.
Philip Flores, former president of defense contractor Intellipeak Solutions, was sentenced to 48 months in federal prison for bribery and fraud involving former Naval Information Warfare Center employee James Soriano.
Flores provided Soriano with over $18,000 in gifts, including premium sports tickets and expensive meals, in exchange for manipulating the SBA’s 8(a) program to secure no-bid contracts for Intellipeak.
Soriano falsified evaluations, approved inflated invoices, and helped draft contract language to favor Intellipeak despite the company subcontracting most work to non-8(a) firms.
Flores also charged other contractors 6% to 8% fees for access to sole-source contracts, which were billed to the government.
Over $16 million in payments were made across 26 contracts, with estimated profits of $550,000 to $1.5 million.
This was not Flores’s first fraud conviction; in 2022, he was sentenced for similar misconduct.
Prosecutors stressed that such corruption undermines national security and taxpayer trust, and those who engage in it will face serious consequences.
El ex ejecutivo de Intellipeak Philip Flores sentenciado a 48 meses por sobornar a un funcionario de la Marina para asegurar $16 millones en contratos sin licitación.