Repost: World Trade Center contractor charged in multimillion-dollar fraud

DCM Erectors Inc, a contractor of the World Trade Center project in New York City, has been charged with creating fake documentation to appear in compliance with MBE and WBE requirements for construction. A recent Reuters article written by Joseph Ax states:

"In one instance, [DCM Erectors CEO] Davis arranged for at least $2 million in compensation for Johnny Garcia, the owner of minority-owned Solera Construction, the government said. 

Davis claimed a joint venture between Solera and DCM did about $70 million of work when, in fact, DCM did the work itself or hired a non-minority subcontractor, prosecutors said." (Ax, 31 July 2014)

The nearly $1 billion construction job, which includes the US's tallest tower at the site of the September 11th attacks, falls under the New York and New Jersey's Port Authority Regulations regarding the allocation of construction contracts to MBE and WBE companies.

Visit http://www.reuters.com/ to read the full Reuters article.