Lend Lease expected to plead guilty, pay $50M fine to avoid criminal charges

TRD New York /
Apr.April 24, 2012 11:00 AM

Lend Lease, formerly known as Bovis Lend Lease, is expected to admit to fraud today, and pay a $50 million fine to avoid fraud charges, the New York Times reported. The criminal charges stem from the construction company overbilling the government, according to the Times, in which laborers received pay for two hours of overtime that they did not work so that Lend Lease could keep them motivated to work.

Today, James Abadie, the company’s former executive, will admit that the company overcharged city, state and federal agencies for labor and plead guilty to one count of conspiracy to commit mail and wire fraud.

Lend Lease is the company behind the dismantling of the Deutsche Bank Building in Lower Manhattan, which caught fire in the summer of 2007 and killed two firefighters. As previously reported, the Lend Lease supervisors and a subcontractor of the project were cleared of manslaughter charges in a separate case last summer. [NYT]


Related Articles

arrow_forward_ios
Robert Durst appears in court for during opening statements in his murder trial on March 4, 2020 in Los Angeles (Photo by Etienne Laurent -Pool/Getty Images)

Robert Durst murder trial could be suspended as LA courts shutter over coronavirus

Robert Durst murder trial could be suspended as LA courts shutter over coronavirus
Larkin Plaza (Credit: Rendering courtesy of SLCE Architects)

RXR project among developments caught up in alleged Gambino mob scheme

RXR project among developments caught up in alleged Gambino mob scheme
Michael Shah (Credit: iStock)

Manhattan DA drops charges against developer Michael Shah

Manhattan DA drops charges against developer Michael Shah
Fotis Dulos (AP Images/ Erik Trautmann)

Developer Fotis Dulos, charged with killing his wife, is dead

Developer Fotis Dulos, charged with killing his wife, is dead
Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer charged with killing wife is rushed to hospital after apparent suicide attempt

Connecticut developer charged with killing wife is rushed to hospital after apparent suicide attempt
Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

Second suspect charged in real estate agent’s abduction, murder
Monique Baugh (Credit: Facebook)

Real estate agent abducted during showing and then murdered

Real estate agent abducted during showing and then murdered
Creston Apartments at 2030 Creston Avenue in the Bronx (Credit: Google Maps, iStock)

Construction firm with alleged mob ties worked on Bronx affordable housing project

Construction firm with alleged mob ties worked on Bronx affordable housing project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...