Home > slashdot > Four IT Consultants Charged With $80MM NYC Rip-Off

Four IT Consultants Charged With $80MM NYC Rip-Off

December 31st, 2010 12:09 admin Leave a comment Go to comments

theodp writes “It’s I-told-you-so time for Slashdot commenter frnic, who smelled a crime last March after reading that New York City had dropped $722 million on its still-under-development CityTime Attendance System. Nine months later, US Attorney Preet Bharara charged ‘four consultants to the New York City Office of Payroll Administration … for operating a fraudulent scheme that led to the misappropriation of more than $80 million in New York City funds allocated for an information technology project known as “CityTime.”‘ Three of the four consultants were also charged — along with a consultant’s wife and mother — with using a network of friends-and-family shell corporations to launder the proceeds of the fraud. Dept. of Investigations Commissioner Rose Gill Hearn called it a shame that ‘supposed experts hired and paid well to protect the city’s interests were exposed as the fox guarding the hen house.’”

Source: Four IT Consultants Charged With $80MM NYC Rip-Off

Related Articles:

  1. NYC Drops $722M On CityTime Attendance System
  2. SAIC Settles CityTime Case For $500.4 Million
  3. Arrest In $740M NYC Time and Attendance System Case
  4. Navy Seals Disciplined For Revealing Secrets As Consultants On Video Game
  5. NYC Mayor Demands $600M Refund On Software Project
blog comments powered by Disqus