The Real Deal New York

Combating construction fraud

A look at prosecutors’ widening probe into overbilling and corruption by contractors

September 17, 2012 10:15AM
By David Jones

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Citi Field, while under construction

From the September issue: A spate of criminal prosecutions is rocking New York’s struggling construction industry just as it’s beginning to regain its footing after the downturn.

In April, construction giant Lend Lease agreed to pay $56 million to settle high-profile charges with U.S. Attorney Loretta Lynch’s office for allegedly overbilling clients at major construction projects, including the renovation of Grand Central Station, the construction of the Time Warner Center at Columbus Circle and the construction of Citi Field, the home of the New York Mets. [more]