Posted on May 3, 2023
Construction fraud scheme faked ties to minority, women-owned businesses: Manhattan DA
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"Bragg alleges that JM3 obtained government-subsidized affordable housing contracts by listing minority and women-owned contractors on paper, while using non-MWBE contractors to do the work, a scheme that the district attorney said put actual MWBE companies at a disadvantage."
Construction fraud scheme faked ties to minority, women-owned businesses: Manhattan DA
Posted from abcnews.go.com
Crime
New York City
Fraud
Posted 12 mo ago
Responses: 2
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PO1 William "Chip" Nagel
"(NEW YORK) -- Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all costs," Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments.
The defendants allegedly deceived government agencies that award projects to minority and women-owned businesses (MWBE).
The Manhattan District Attorney's Office is charging the drywall and carpentry company JM3 Construction, its owner Lawrence “Larry” Wecker, project manager Michael Speier, and other co-conspirators for allegedly taking part "in multiple criminal schemes to increase their business and revenues to the detriment of their workers and fair competition within this industry," Bragg said.
According to one indictment, JM3 Construction falsified business records to make it seem as though the company was working with minority and women-owned businesses, and awarded lucrative city and state contracts.
“These defendants, as charged, enriched themselves at the expense of a program intended to assist minority and women-owned businesses, by deceiving city and state government entities, part of a series of frauds that shortchanged workers and undermined fair competition,” New York City Department of Investigation Commissioner Jocelyn E. Strauber said."...
"(NEW YORK) -- Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all costs," Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments.
The defendants allegedly deceived government agencies that award projects to minority and women-owned businesses (MWBE).
The Manhattan District Attorney's Office is charging the drywall and carpentry company JM3 Construction, its owner Lawrence “Larry” Wecker, project manager Michael Speier, and other co-conspirators for allegedly taking part "in multiple criminal schemes to increase their business and revenues to the detriment of their workers and fair competition within this industry," Bragg said.
According to one indictment, JM3 Construction falsified business records to make it seem as though the company was working with minority and women-owned businesses, and awarded lucrative city and state contracts.
“These defendants, as charged, enriched themselves at the expense of a program intended to assist minority and women-owned businesses, by deceiving city and state government entities, part of a series of frauds that shortchanged workers and undermined fair competition,” New York City Department of Investigation Commissioner Jocelyn E. Strauber said."...
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