A Canadian contractor working on the Freedom Tower in New York City was convicted of wire fraud and conspiracy to commit wire fraud charges on August 10. <\/p>\n
A Manhattan federal jury found Larry Davis, 65, and his company guilty of defrauding the Port Authority of New York and New Jersey. His company, DCM Erectors Inc., won contracts to work on the World Trade Center site destroyed by the September 11, 2001, terrorist attacks. Davis pretended he was promoting a minority-owned businesses in order to obtain almost $1 billion for the construction.<\/p>\n
Prosecutors claimed that in 2007 Davis was awarded contracts that required him to allocate millions of dollars to hiring subcontractors that were minority or women-owned businesses. Davis set up two fake firms to help him obtain contracts. He paid bribes to have documents signed for submission to the Port Authority. Meanwhile, DCM or other firms affiliated with the contractor carried out (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A Canadian contractor working on the Freedom Tower in New York City was convicted of wire fraud and conspiracy to commit wire fraud charges on August 10. A Manhattan federal jury found Larry Davis, 65, and his company guilty of…<\/span><\/p>\n