A Connecticut-based rental property management company operates the Revere, Massachusetts, apartment complex searched by law enforcement officials Monday night in connection with the Boston Marathon bombings. The company has had a string of run-ins with federal entities - including the U.S. Senate.

Agents from the FBI and IRS executed a search-and-seizure warrant at the [Meriden, Connecticut,] offices of the Carabetta Management Co. and Carabetta accountant Michael Fiondella on June 15, 2011.
Employees, with the exception of upper management, were sent home, and agents were seen loading boxes of documents and computers into a van behind the building. Also raided were Carabetta Enterprises and SRC Construction Co.
Authorities have never made clear what information the agents were looking for, but the Department of Justice opened an investigation in 2008 over how Carabetta Enterprises landed $3.3 billion in military housing contracts in six states, and how every one of them collapsed.

More details on the failure of the military projects and other prior contracts with federal agencies:

In 2007, U.S. senators Saxby Chambliss (R-Ga.) and Mark Pryor (D-Ark.) censured the company for its stalled work on military base housing projects in their states.
The company, in partnership with the Shaw Group, a firm out of Louisiana, was given a government contract to build and renovate housing units at Hanscom Air Force Base in Mass., Patrick Air Force Base in Fla, Little Rock Air Force Base in Ark, and Moody in Ga, according to the Army Times.  But the units were reportedly plagued by delays, and the project was taken over by another company.
In 1995 federal housing officials reached a settlement with Carabetta in connection with allegations that the firm diverted some $8 million from 40 federally insured subsidized housing developments it owns in Massachusetts and Connecticut. Investigators at that time accused the firm of more than 800 violations of its regulations, according to archive reports by the Boston Globe. Under the $12 million settlement Carabetta reached with the government, the firm was allowed to use a tax-exempt federal loan, federal rent subsidies and rent hikes to pay off the penalties, the newspaper reported.
HUD fined the company was $4 million in 1993 in connection with the financial irregularities, the paper wrote. In an earlier report, the newspaper said that the Carabetta diverted the funds to its struggling parent corporation, Carabetta Enterprises Inc., which was in the midst of bankruptcy.
The company in the 1980s and 1990s went through a federal Chapter 11 bankruptcy, a move that scuttled a long-anticipated multi-million dollar luxury condominium project in Asbury Park, N.J., a project New Jersey and Asbury Park officials had hoped would help revitalize the waterfront area.
However, Carabetta’s financial difficulties lead to the company walking away from the project halfway through its construction. After lengthy legal wranglings over it, the development rights were ultimately taken away from Carabetta and given to another management firm.
In a  related move, Carabetta sued Bank of Boston for $560 million, claiming the bank reneged on its promise to loan the Meriden firm some $41 million that would be used on the Asbury Park project and costing the firm more than $500 million in profits.
Carabetta also operates numerous low-income housing projects across the state under federal Housing and Urban Development programs and succesfully sued HUD 2003 for breach of contract when the agency refused to back equity loans on some of the HUD properties Carabetta owns, claiming the company was not in compliance with certain HUD regulations.”