MPC Products Whistle-blower's Reward: $4.5 Million

It was a Saturday in 2005 when Joe Caputo got the phone call. The FBI was raiding his employer's office. Could he come over? ...

Caputo is credited with blowing the lid off price inflation tactics used by MPC (Products Corp., a Skokie-based defense contractor), leading to a $22.5 million civil settlement. The agreement between MPC and the government, announced Thursday, also includes a $2.5 million criminal fine and the firm's pledge to plead guilty to felony fraud charges.  ...read more.