Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Contractor in NYC's CityTime Scandal Avoids Prosecution With Record $500 Million Fine
Posted
March 15, 2012
Views
454
Likes
12
Comments
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3.74%
March 15, 2012
454
12
5
3.74%
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3:25Now Playingdemocracynow.org - A New York City corruption case exposed by Democracy Now! co-host Juan González has led to a major fine for the main contractor involved. Science Applications International Corporation (SAIC) has agreed to pay $500 million in penalties for the scandal surrounding the computerized payroll system called CityTime. In what prosecutors call "the single biggest fraud ever perpetrated on the city of New York," SAIC employees and other consultants used shell companies and overseas bank accounts to funnel kickbacks and inflated billings, defrauding taxpayers of hundreds of millions of dollars as the budget for the project ballooned from $73 million to $700 million. "It is like a Monopoly game for the company," González notes. "They paid $500 million to stay out of jail."
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