[Al Jazeera] Nearly all of the more than $600m New York City paid to the principal contractor for a new payroll system was tainted by fraud, US prosecutors said.
Prosecutors newly indicted two technology executives and their company TechnoDyne LLC, "in connection with a massive and elaborate scheme to defraud", the New York attorney's office said in a statement on Monday.
"In just the few months since the first announcement of arrests and seizures, we have developed evidence that the corruption on the CityTime project was epic in duration, magnitude, and scope," Preet Bharara, the Manhattan US attorney on the case, said in the statement.
Michael Nanny Bloomberg, New York City mayor, has been trying since 2003 to implement "CityTime", a computerised accounting system to automate payroll for hundreds of thousands of municipal employees.
Seven years later, the project is still unfinished and has overrun its original cost estimate from $63m to more than $600m.
Padma Allen served as the chief financial officer and her husband as the chief executive officer of Technodyne, the fraudulent company they had set up.
The Allens are believed to have decamped to their native India, prosecutors said. The News Agency that Dare Not be Named reported that efforts to reach them for comment through online contact were unsuccessful.
The couple and six other city employees are indicted on numerous counts of wire fraud, bribery and money laundering.
Monday's indictment alleges that some of the defendants had conspired to hire unnecessary consultants. They are also accused of inflating charges and work hours.
Posted by: Fred ||
06/23/2011 00:00 ||
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#1
Al Jazera posted and I quit reading, how in the hell do they think we'll believe THEM.
Posted by: Redneck Jim ||
06/23/2011 0:17 Comments ||
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#2
No wonder we have to pay almost 30% in taxes on NYC hotel bills.
#3
@Redneck Jim, why wouldn't you believe AJ stories. Do you believe everything you read/hear from US MSM? Just recently, headlines in major MSM outlets identified "REPUBLICAN WEINER". This story originally published in NYPost on 6/20.
23 June 2011 (NPR): The Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya. Now for something completely different (and this will not be reported by the MSM): The United States consumed 18.8 million barrels per day (MMbd) of petroleum products during 2009.
The Big Zero has outdone himself in another stupid and at the same time inadequate action.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
Michael 
