From the Daily News:One of the worst frauds in New York history actually saved the “lucky” city money, Mayor Bloomberg boasted Friday.
Federal prosecutors have indicted 11 contractors and consultants in a $500 million rip-off involving the computerized CityTime payroll system.
But, since the U.S. attorney forced the main contractor, SAIC, to reimburse the city’s losses, taxpayers came out ahead, Bloomberg said.
“There was fraud,” Hizzoner conceded Friday on his weekly radio show,” but added, “We recovered most of the money ... that whole system cost us something like $100 million dollars and it should’ve been many times that.”
“We were lucky,” the mayor continued. “Because of the fraud, in the end, it turned out, that because of the recovery that we saved a lot of money.”
5 comments:
...And he now sues John Liu who if anyone in office gets credit for saving that money, for not bending over to take another possibly bad contract from Hizzoner.
In other words, he's not done cooking the books yet.
Wow, sounds like a lot more fraud is just what the City needs to stay fiscally healthy.
B R I N G
I N
T H E
F E D S ! ! !
I'm sure everything will be straight as an arrow when one of the fine upstanding public servants running for mayor, becomes mayor next year, right? I'm sure these paragons of virtue, vision, and intellectual achievement won't drive us back to the bad old days of the 70s, 80s and early 90s, right?
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