Wednesday, October 01, 2014

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Jury Finds Three More Guilty In CityTime Case

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TWC News: Jury Finds Three More Guilty In CityTime Case
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A jury found three more people guilty in what may be the most expensive government fraud case in New York City history.

A total of eight people have been convicted of embezzling $80 million from the city in connection to its automated payroll system called CityTime.

They're all former employees of Science Applications International Corporation, which was the lead contractor developing the system.

CityTime was completed years after it was expected and was hundreds of millions of dollars over budget.

SAIC avoided criminal charges of its own by agreeing to pay back more than $500 million.

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