Ridgefield insulation contractor pleads guilty in $45M bid-rigging scheme

Michael Flynn, 48, a Ridgefield-based insulation contractor, pleaded guilty last week to charges connected to a $45 million bid-rigging scheme, Patch reported. Connecticut’s top federal prosecutor John Durham said in a May 1 statement that Flynn “profited handsomely by colluding with other insulation contractors and inflating bids on $45 million worth of insulation jobs” in a scheme that “victimized hospitals, universities and businesses throughout New England.” The antitrust charge that Flynn pleaded guilty to carries a maximum penalty of 10 years in prison, while the fraud conspiracy charge carries a maximum penalty of 20 years, according to the U.S. Department of Justice. Flynn, who reportedly worked at Oxford-based BC Flynn Contracting Corporation, “has agreed to pay restitution to the victims and to resolve civil forfeiture cases connected to the criminal charges,” the Justice Department said. Construction Dive reported that Flynn is the latest contractor to be charged by federal prosecutors this year. [Patch]