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    Brexit Shakes Up TSP Plans

    The announcement of the United Kingdom’s decision to leave the European Union (also known as “Brexit”) caused a stir in the financial markets last week, and put several of the Thrift Savings Plan’s (TSP) offerings in the red Friday.

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Former DoD Employee Sentenced to 2 ½ Years in Prison for Submitting False Travel Claims

A former civilian employee of the Armed Forces Institute of Pathology (AFIP), a component of the U.S. Department of Defense, has been sentenced to 30 months in prison for making more than $485,000 in false travel claims using the defense travel system, the Justice Department has announced.

John R. Brock, age 52, of Crofton, Maryland, was sentenced last week by U.S. District Judge Robert L. Wilkins in Washington, D.C. In addition to his prison term, Brock was sentenced to three years of supervised release, ordered to pay $485,535 in restitution, and ordered to forfeit three sail boats and two residential properties.

Brock pleaded guilty in October 2011 to one count of making a false claim against the United States. According to court documents, Brock worked as a budget analyst within the Resources Management Department of the AFIP from 2007 through 2011. As part of his guilty plea, Brock admitted that in 2008 he used the profile of a former AFIP employee to submit a false travel voucher for $5,525 in expenses that were never incurred. Brock also admitted that from September 2008 through April 2011, he submitted 99 false travel vouchers through the defense travel system totaling $485,535.00.

The case was prosecuted by the Public Integrity Section of the Justice Department's Criminal Division. It was investigated by the U.S. Army Criminal Investigation Command, the Defense Criminal Investigative Service and the FBI's Washington Field Office.

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