NYC Scam of Epic Proportion

[chanel]

...the CityTime scandal, with a grand jury alleging yesterday that more than $600 million of the project's bloated budget is "tainted" by fraud. CityTime, which is intended to modernize the municipal payroll system, was initially budgeted at $63 million, but has cost taxpayers more than $720 million to date.

Manhattan US Attorney Preet Bharara called the alleged scam "truly jaw-dropping" and "epic in duration, magnitude and scope."

Bharara said prosecutors were seeking to have the Allens extradited from their native India, where they fled in February after getting slapped with grand-jury subpoenas.

Read more: More than $600M in CityTime expenses "tainted" by fraud: grand jury - NYPOST.com

$600 million over budget? If these people weren't so greedy, they probably could have gotten away with this forever. Unbelievable.

 

[jillian]

$600 million over budget? If these people weren't so greedy, they probably could have gotten away with this forever. Unbelievable.

little pigs get fed; big pigs get skewered.

 

[CrusaderFrank]

$600 million over budget? If these people weren't so greedy, they probably could have gotten away with this forever. Unbelievable.

little pigs get fed; big pigs get skewered.

And taxpayers paid for it all

 

[jillian]

$600 million over budget? If these people weren't so greedy, they probably could have gotten away with this forever. Unbelievable.

little pigs get fed; big pigs get skewered.

And taxpayers paid for it all

not the first time; won't be the last.

how much money went into the ether in iraq that they can't trace?

this is why i don't take the whole cut funds to the middle class thing seriously. let them get rid of waste before they hurt people. *shrug*

 

[CrusaderFrank]

Clearly we need more government oversight and involvement

 

[martybegan]

I work as a consultant to a city agency, and this entire system is a complete mess. Instead of just getting some off the shelf time system like Oracle they went and tried to get a custom system, and got burned by it.

 

[RetiredGySgt]

$600 million over budget? If these people weren't so greedy, they probably could have gotten away with this forever. Unbelievable.

little pigs get fed; big pigs get skewered.

Unless they helped elect Obama and then they got BILLIONS legally.