AmeriGuard forfeits $15M in federal contracts after default notice from Legalist

AMERIGUARD SECURITY SERVICES, INC.

Legalist (Government Receivables Fund) notified AGSS of default on July 1, 2025.
AGSS voluntarily forfeited three SSA contracts on July 14, 2025, totaling $15,014,448 in annual revenue.
Forfeited contracts: SSA Wilkes-Barre ($3.2M), Urbana ($6.3M), Durham ($5.5M).
AGSS states forfeiture was due to funding disruption from Legalist, not performance issues.
On July 28, 2025, an established guard company took over the contracts; AGSS assisting transition.

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