Criminal JusticeStatewide NewsSan Antonio Man Will Be Tried for 12-Year $100 Million Air Force Fraud

A Virginia-based software company has already pleaded guilty to enriching itself using its shady connections to Randolph Air Force Base.
October 7, 2020
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A San Antonio man could be imprisoned for decades if convicted of charges that he abused his position at Randolph Air Force Base to illegally shepherd an estimated $100 million in work to QuantaDyn a Virginia software engineering company over the course of 12 years in exchange for millions of dollars in bribes.

Along with his alleged accomplices, Keith Seguin was indicted in October 2019. He is scheduled to be put on trial in February 2021.

Seguin is accused of accepting bribes from one of QuantaDyn’s owners, David Bolduc Jr., through a shell company set up by Seguin and Georgia resident Rubens Fiuza Lima. 

“Specifically, Bolduc and QuantaDyn paid more than $2.3 million in bribes to Seguin, a civilian employee of the 502 Trainer Development Squadron at Randolph Air Force Base in San Antonio, who was intimately involved in the government contract process,” the Justice Department said in a press release

“In return, Seguin used his position to steer lucrative government contracts and [subcontracts] to QuantaDyn for aircraft and close-air-support training simulators.  The indictment further alleges that a portion of the bribe money paid to Seguin was laundered through Fiuza Lima’s business, Impex, Inc., for a ten percent fee.”

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Court documents say QuantaDyn’s gross revenue was under $4 million annually from 2008 to 2013, but rocketed to over $20 million from 2013 through 2018. The company itself has already pleaded guilty for its role in the fraud.

The indictment says that Seguin overstated expense estimates and allowed QuantaDyn to more or less name their prices by giving away the government’s budgets and allowing their subcontractors to fabricate invoices.

If convicted, Seguin and his co-conspirators could face decades in prison.

“Upon conviction, Bolduc, Seguin and Fiuza Lima could face terms of imprisonment up to five years for conspiracy to defraud the U.S., up to 20 years for conspiracy to commit wire fraud, and up to 20 years for conspiracy to commit money laundering,” the Justice Department said.

The federal government is also seeking forfeiture of property, cash, vehicles, and other assets.

Read the indictment below.

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Hayden Sparks

Hayden Sparks

Hayden Sparks is a reporter for The Texan in Dallas. During the academic year, he coaches high school competitive speech and debate and has also been involved in community theater and politics. A native Texan, Hayden served as a delegate at the Republican Party of Texas Convention in 2016. He is on track to receive a bachelor’s degree in psychology from Liberty University. In his free time, Hayden is known to take walks around the neighborhood while listening to random music on Spotify.