JTsyo
Lifer
Doing search on corruption lead to this that seemed to have slipped by. $600 million in fraud? The project was budgeted for around 60 million and ended at $760 million. You would think that would have thrown up flags everywhere.
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NYC victim of fraud
- Thread starter JTsyo
- Start date
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Lithium381
Lifer
i don't get it...? how do you not notice?
Drako
Lifer
I think they noticed, but nobody cared to do anything about it until now. That's the scary part.
Lithium381
Lifer
i assume no disciplinary action will take place on NYC's end?
Did anyone actually read the article?
It's not $600 million in fraud. $600 million was the entire amount that the city paid to that contractor over a 10 year period. While whatever fraud that took place may be substantial, it is certain to be only a small fraction of the total. NYC has a $66 billion budget, so while it's certainly bad, the fact that something like this could slide by isn't entirely shocking.
It's not $600 million in fraud. $600 million was the entire amount that the city paid to that contractor over a 10 year period. While whatever fraud that took place may be substantial, it is certain to be only a small fraction of the total. NYC has a $66 billion budget, so while it's certainly bad, the fact that something like this could slide by isn't entirely shocking.
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