26 June 2011

Half a Billion Dollars "Tainted" in CityTime Scandal

I'm surprised the press hasn't linked the CityTime scandal to the massive cutbacks. Or maybe not so surprised:

 Reddy Allen and Dr Padma Allen have been indicted on federal fraud and kickback charges in relation to the scandals surrounding Mayor Michael Bloomberg administration's CityTime project to modernise the municipal payroll system.

A grand jury said on Monday that more than $600 million of the project's bloated budget is "tainted" by fraud. The couple secured a lucrative, no-bid subcontract for the CityTime that made it look like their firm, TechnoDyne, was "a successful and fast-growing company," the New York Post
reported.
Gee, another "no-bid" contract. How did that happen? Anyone know?

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