Ex-SUNY president gets 3.5 years in prison for role in “Buffalo Billion” scheme

He is last to be sentenced in connection to the program

New York /
Dec.December 12, 2018 10:45 AM

Alain Kaloyeros (Credit: lohud via Twitter)

Gov. Andrew Cuomo’s point person on the “Buffalo Billion” program, Alain Kaloyeros, was sentenced to three and a half years in prison for his role in a multi-million dollar bid rigging scheme.

Kaloyeros, former head of SUNY Polytechnic Institute, had been convicted of wire fraud and wire-fraud conspiracy in July. He was accused of helping steer $855 million in state contracts in Buffalo and Syracuse to LPCiminelli and Cor Development, major donors to Cuomo, the Times Union reported.

“[Kaloyeros] let his desire to earn brownie points with the executive chamber overcome the normal well-thought-out processes that treated all developers fairly, whether they were giving money to Cuomo campaign coffers or not,” Judge Valeri Caproni said.

The governor isn’t accused of any wrongdoing.

Last week, Caproni sentenced three others in the “Buffalo Billion” scheme: Syracuse executives Steven Aiello and Joseph Gerardi to three years and two-and-a-half years in prison, respectively; and construction executive Louis Ciminelli to 28 months.

Attorneys for Kaloyeros told the Wall Street Journal that he plans to appeal the decision. [WSJ and Times Union] — Kathryn Brenzel


Related Articles

arrow_forward_ios
Risa Heller and Jonathan Rosen launched NY Forever earlier this week. (Risa Heller, Berlin Rosen)
Civic boosterism gets big backing from real estate
Civic boosterism gets big backing from real estate
Lewis Road Residential Planned Development (Pine Barrens, iStock)
Big golf, resi project in East Quogue approved
Big golf, resi project in East Quogue approved
From left: BSA chairwoman Margery Perlmutter, DRAW Brooklyn founder Alexandros Washburn, New York City Council Member Carlos Menchaca with renderings of the project (Photos via the City of New York, LinkedIn and Arquitectonica)
How a Red Hook developer circumvented the City Council
How a Red Hook developer circumvented the City Council
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Will Catsimatidis switch parties? (Getty)
Republican or Democrat? Catsimatidis picks his poison
Republican or Democrat? Catsimatidis picks his poison
arrow_forward_ios

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

Loading...