Streams

Four Consultants Charged in Alleged CityTime Fraud

Wednesday, December 15, 2010

Four consultants have been accused of defrauding New York City of $80 million by steering contracts to shell companies that they controlled. The wife and mother of one of the consultants were also charged. The defendents were charged with conspiracy in Manhattan Federal Court on Wednesday, but haven't entered pleas.

The so-called CityTime system was supposed to save taxpayers money by keeping track of employee payroll. But instead, Mayor Michael Bloomberg said the consultants perpetrated a "major fraud."

"Here we had somebody that we trusted, or one of our contractors trusted, and that trust was misplaced and we just have no tolerance for this whatsoever," he said.

The CityTime system was supposed to cost a total of $63 million when it was started 12 years ago, but has cost $628 million, at last count.

Tags:

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Comments [1]

Anna Silva

Mayor Bloomberg earns $1/year but his CityTime cronies get him $80+ million. What a fantastic deal!

Dec. 15 2010 09:57 PM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by