USProtect Defunct

From WUSA in Baltimore (emphasis added):

Federal prosecutors have moved to seize $6.9 million from a bank account owned by USProtect, two homes in Naples, Florida, and a boat owned by the past and present owners of an apparently defunct security contracting firm.

On Monday, 9NEWS NOW reported USProtect had locked its doors after being unable to make its payroll last week. Hundreds of employees are impacted. ...

In Washington, US Protect employed hundreds of Court Security Officers at most of the city's courthouses. The company also had contracts for several other courthouses scattered across the United States. In addition to the Department of Justice, US Protect also done business with the Dept. of Homeland Security, the US Air Force and the Social Security Administration. ...

Leaders of the International Union of United Government Security Officers of America tell 9NEWS NOW this is the second collapse of a major government security contractor in less than a year here in the Washington area. International President James Carney adds several more companies have gone under elsewhere around the country. Carney calls it a "growing epidemic" due to contractors under-bidding multi-million-dollar federal security contract proposals. He says sooner or later they find themselves unable to meet their largest expense: the payroll.

Tuesday's forfeiture move came as sentencings of three former company officials approach following earlier guilty pleas to major corruption charges. ...

Richard Hudec, who took over USProtect, later pleaded guilty to charges of concealing earlier felony convictions from federal contracting officials, as well as tax evasion charges.

I do not know whether this is adversely affecting Social Security Administration operations.