flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

World Trade Center contractor found guilty of minority-owned business fraud

Legislation

World Trade Center contractor found guilty of minority-owned business fraud

The company used two minority firms as fronts in a nearly $1 billion scheme.


By Peter Fabris, Contributing Editor | August 24, 2016

Pixabay Public Domain

A Manhattan federal jury found a Canadian contractor guilty of defrauding a program to promote minority- and woman-owned businesses in the construction of the World Trade Center. 

Prosecutors alleged that DCM Erectors and its owner Larry Davis used two minority firms as administrative fronts while DCM, in an attempt to avoid paying millions of dollars to minority firms, did all the work itself. The value of the steel work at the Freedom Tower and World Trade Center Transportation Hub projects was nearly $1 billion.

Lawyers for the company and Davis said they will appeal the verdict and that the minority firms did the work they were supposed to do on the projects. Prosecutors alleged that Davis falsified records to make it appear that minority contractors performed the work.

Related Stories

| Aug 25, 2022

New York City’s congestion pricing aims to reduce traffic, cut carbon

Officials recently released an environmental assessment that analyzes seven different possible pricing schemes for New York City’s congestion pricing program.

| Aug 23, 2022

New Mass. climate and energy law allows local bans on fossil fuel-powered appliances

A sweeping Massachusetts climate and energy bill recently signed into law by Republican governor Charlie Baker allows local bans on fossil fuel-powered appliances.

| Aug 22, 2022

Gainesville, Fla., lawmakers moved to end single-family zoning

The Gainesville City Commission recently voted to advance zoning changes that would allow duplexes, triplexes, and quadplexes to be built on land currently zoned for single-family homes.

| Aug 19, 2022

Future sea rise could expose 720,000 more people on East Coast to flooding

An analysis by NPR based on modeling from the National Hurricane Center for New York City, Washington, D.C., and Miami-Dade County found future sea rise could expose about 720,000 more people to damaging floods later this century.

| Aug 16, 2022

DOE funds 18 projects developing tech to enable buildings to store carbon

The Department of Energy announced $39 million in awards for 18 projects that are developing technologies to transform buildings into net carbon storage structures.

| Aug 11, 2022

Report examines supposed conflict between good design and effective cost management

A report by the American Institute of Architects and the Associated General Contractors of America takes a look at the supposed conflict between good design and effective cost management, and why it causes friction between architects and contractors.

| Aug 10, 2022

U.S. needs more than four million new apartments by 2035

Roughly 4.3 million new apartments will be necessary by 2035 to meet rising demand, according to research from the National Multifamily Housing Council (NMHC) and National Apartment Association.

| Aug 9, 2022

Work-from-home trend could result in $500 billion of lost value in office real estate

Researchers find major changes in lease revenues, office occupancy, lease renewal rates.

Legislation | Aug 8, 2022

Inflation Reduction Act includes over $5 billion for low carbon procurement

The Inflation Reduction Act of 2022, recently passed by the U.S. Senate, sets aside over $5 billion for low carbon procurement in the built environment.  

Legislation | Aug 5, 2022

D.C. City Council moves to require net-zero construction by 2026

The Washington, D.C. City Council unanimously passed legislation that would require all new buildings and substantial renovations in D.C. to be net-zero construction by 2026.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021