NEW YORK — (NEW YORK) -- Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by 'greed at all costs,' Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments.
Manhattan District Attorney Alvin Bragg speaks duringMay 02, 2023 at 2:30 pm EDT
The Manhattan District Attorney's Office is charging the drywall and carpentry company JM3 Construction, its owner Lawrence “Larry” Wecker, project manager Michael Speier, and other co-conspirators for allegedly taking part"in multiple criminal schemes to increase their business and revenues to the detriment of their workers and fair competition within this industry," Bragg said.
Bragg alleges that JM3 obtained government-subsidized affordable housing contracts by listing minority and women-owned contractors on paper, while using non-MWBE contractors to do the work, a scheme that the district attorney said put actual MWBE companies at a disadvantage. The DA further alleges that JM3 and Wecker inflated the price of a nearly $10 million drywall contract by $400,000, so the company could pay $50,000 to Adrian Esparragoza, a general contractor who gave them the contract.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pressure mounting on Manhattan District Attorney Alvin Bragg to charge Marine veteran in Jordan Neely's deathActivists are calling on Manhattan District Attorney Alvin Bragg to charge the Marine veteran, who was questioned by police and let go, after video showed him holding Jordan Neely in the chokehold. ZinniaDee_TV reports.
Read more »
WSJ News Exclusive | An Art Collector’s Manhattan Mansion Sells for $41 MillionA roughly 12,000-square-foot Manhattan townhouse with ties to art collector David Mugrabi has sold for $41 million. The property originally hit the market for $52 million in 2021.
Read more »
Brooklyn Man Gets 19 Years for Fatally Slashing Ex-Girlfriend's NeckA 63-year-old Brooklyn man was sentenced to nearly two decades in prison for killing his ex-girlfriend by fatally slitting her throat in 2018, the local district attorney’s office announced Thursday. Romeo Borneo, of Prospect Lefferts Gardens, was sentenced to 19 years in prison and five years of post-release supervision, Brooklyn District Attorney Eric Gonzalez said. He pleaded guilty to first-degree…
Read more »
Why a Cannon Will Be Fired Repeatedly Saturday Morning On West Side of ManhattanIf you’re on the west side of midtown Manhattan Saturday morning and hear a series of loud booms, don’t be alarmed, there is nothing going wrong.
Read more »