Former construction manager for Touro College Lawrence Pesce was sentenced
yesterday in Manhattan federal court to three years in prison for defrauding Touro College out of more than $2 million through a commercial kickback scheme, U.S. Attorney Preet Bharara’s office announced yesterday.
“Lawrence Pesce was a corrupt employee who deceived Touro College, stealing millions
from the very non-profit educational institution whose pocketbook he was supposed to protect. He will now pay for his crimes with jail time,” Bharara said.
In May 2008, Touro College sought competitive bids for a construction project located at 230 West 125th Street. Prior to bids being received by the college, Pesce reached out to a developer and indicated that he could ensure that the developer’s company would get the project if the developer agreed to pay him kickbacks, ultimately inflating the initial bid and subsequent charges to Touro College by over $2 million. — Katherine Clarke… [more]