Tuesday, June 21, 2011

NJ Couple Scams NYC Govt aka Taxpayers out of $460 MILLION!!

The husband-and-wife owners of a New Jersey company were charged today with raking in more than $460 million in crooked cash through the scandal-scarred CityTime payroll project. 
Court papers say Reddy and Dr. Padma Allen secured a lucrative, no-bid subcontract that made it look like their firm, TechnoDyne, was was "a successful and fast-growing company."

But the "engine of its growth" was actually an over-billing scam in which the Reddys paid millions in kickbacks and hired a bevy of crooked sub-subcontractors, according to an indictment unsealed in Manhattan federal court.