Submitted by elizabeth-cooper t3_zq420b in nyc
redditorium t1_j0xhzde wrote
Reply to comment by mowotlarx in Former New York University finance director charged with orchestrating fraud by elizabeth-cooper
> M/WBE program
Minority and Women-owned Business Enterprise (M/WBE)
mowotlarx t1_j0yw4pd wrote
Correct. There is lax oversight, almost no real audits and the only qualification is 50% stake held by people who qualify in the category, with zero care for how diverse the actual company is. People will find wives or figurehead "owners" to put on paperwork to snag contracts, to the detriment of actual minority and women owned businesses.
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