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

| Sep 7, 2012

Lorain, Ohio considers halting downtown construction while it works out development plan

Construction would stop downtown for six months while Lorain, Ohio officials consider a development plan for the city, according to new legislation.

| Sep 7, 2012

Business, labor groups push for easing of California’s Environmental Quality Act

Business and labor groups have combined forces to push for a change to California's Environmental Quality Act, specifically its complex review process for building and construction projects.

| Aug 30, 2012

Federal government cancels defense contracts worth $2.15 billion

This action may foreshadow federal spending cuts scheduled for year's end if Congress takes no action on the federal budget.

| Aug 30, 2012

Georgia drops LEED wood source standard on state projects

Currently, LEED green building standards only accept timber products certified by the Forest Stewardship Council (FSC).

| Aug 21, 2012

Federal Safe Building Code Incentive Act’s bipartisan support, no notable objection, bodes well for passage

The Safe Building Code Incentive Act would give states a little extra post-disaster federal funding if they enacted and enforced nationally recognized building codes for businesses and residences before disaster strikes.

| Jul 12, 2012

Federal budget chief to explain impact of pending defense cuts before Congress

Office of Management and Budget Director Jeffrey Zients is scheduled to testify before the House Armed Services Committee Aug. 1 to explain the possible effects of $500 billion in defense cuts on U.S. companies, including those in the design and construction industry.

| Jul 12, 2012

Pennsylvania legislature moves to prevent undocumented workers on public construction projects

Legislation to prevent undocumented workers from being hired by construction companies working on state-funded projects passed the Pennsylvania Legislature.

| Jun 14, 2012

Minnesota Vikings stadium plan gets legislative go-ahead

Legislation that approved the construction of a new billion dollar stadium for the Minnesota Vikings passed the Minnesota legislature.

| Jun 1, 2012

New BD+C University Course on Insulated Metal Panels available

By completing this course, you earn 1.0 HSW/SD AIA Learning Units.

| May 31, 2012

Proposed change in Michigan’s building code would hurt innovation, say critics

Legislation pending before the Michigan Senate would change the law that calls for building codes to be updated every three years to require an update only every six years.

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