The accounting firm of prominent businessman Jeffrey E. Thompson on Monday said a Friday raid of its offices was related to “campaign finance” in a letter sent to at least one of the D.C. government agencies it contracts with.
Ralph B. Bazilio, president and chief operating officer of Thompson, Cobb, Bazilio Associates, said the firm “turned over documents and information relating to campaign fundraising events hosted by Jeff Thompson.”
“There has been no accusation of wrongdoing, and TCBA will continue to cooperate with the government’s investigation,” he continued. “While the search caused a temporary disruption, business at TCBA continues as usual.”
Bazilio said the search was related to an “ongoing federal investigation into campaign finance in the District of Columbia.”
Thompson, whose home and offices were searched Friday by federal investigators, continues to do a great deal of business with the District government.
His managed-care organization, Chartered Health Plan, continues to be the city’s top Medicaid contractor and top contractor period, holding a deal worth as much as $322 million yearly. The Washington Business Journal’s Ben Fischer reports today that the city is seeking a third company to join Chartered and United Healthcare in managing the city health care rolls.
Thompson, Cobb, Bazilio & Associates also continues to hold major contracts.
On Feb. 7, according to city spending records, TCBA was paid $998,128.44 from the Office of the Chief Financial Officer.
That payment was pursuant to a contract to evaluate and verify software related to the District’s accounting system, said David Umansky, a spokesman for the office.
The contract was not to exceed $818,142, but Umansky said Monday that because the city was “slow in providing documentation that [TCBA] needed,” the contract amount was extended.
The final amount is less than $2,000 under the $1 million yearly amount that would require D.C. Council approval. The contract ends this spring, Umansky said.
The firm also holds a contract dating to 2010 to audit records in the District’s unemployment insurance office, recently rocked by revelations that dozens of workers double-dipped unemployment benefits while holding city jobs. That contract has been worth about $665,000 to date.
TCBA is also one of two bidders on a current solicitation to build a Modernized Real Property Tax System — one meant to replace a system that was in place when a city tax office employee devised a scheme to steal near $50 million over two decades.
That contract has not yet been awarded, Umansky said.