Contractor for 1 WFC lied to get minority contracts

This post has been read 1534 times!

Freedom Tower 4-6-2013August 1, 1014- The Post reports, “Federal authorities on Thursday charged a Canadian steel contractor with falsely obtaining hundreds of millions of dollars in World Trade Center construction contracts earmarked for minority- or women-owned businesses.

Larry Davis, president of DCM Erectors Inc., appeared in Manhattan federal court to face charges that he set up a front company, purporting to be a woman-owned business, when in fact he had DCM do the steel work itself or subcontracted it out to other non-women- or minority-owned companies.

Davis, 63, whose company has scored nearly $1 billion in WTC construction contracts in both the both the public and private sector, was charged with wire fraud and wire fraud conspiracy. He was released on $100,000 bail after appearing before Magistrate Judge Debra Freeman and faces up to 20 years behind bars.”

This entry was posted in - Downtown oversight, - Federal government, - Read Between the Lines, - Real estate, - State Government, Crime, World Trade Center. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *