SAIC to Pay $500 Million to Settle New York City Time Fraud Case - Bloomberg

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEYtVvEnk5nTRGmSxdg7P y9qF8A5gamp;url=http://www.nydailynews.com/news/citytime-contractor-pay-500-million-article-1.1038786img src=//nt2.ggpht.com/news/tbn/CqNRkJPmsnF6JM/0.jpg alt= border=1 width=80 height=50 /br /font size=-2New York Daily News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHZTA6FDLQOnXyYLlwREy R6rXH9Igamp;url=http://www.bloomberg.com/news/2012-03-14/saic-to-pay-500-million-to-settle-new-york-city-time-fraud-case.htmlbSAIC to Pay $500 Million to Settle New York City Time bFraud/b Case/b/abr /font size=-1bfont color=#6f6f6fBloomberg/font/b/fontbr /font size=-1“The people of New York City have half a billion reasons to celebrate,” Manhattan US Attorney Preet Bharara said at a press conference today, calling the scheme “the single largest bfraud/b ever perpetrated on the city.” Payments to Technodyne for the b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFNfew1r5smShwKNQpxbp RN7ScvgQamp;url=http://blogs.wsj.com/metropolis/2012/03/14/citytime-contractor-admits-fraud-agrees-to-repayment/?mod%3Dgoogle_news_blogCityTime Contractor Admits bFraud/b, Agrees to Repayment/afont size=-1 color=#6f6f6fnobrWall Street Journal (blog)/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEYtVvEnk5nTRGmSxdg7P y9qF8A5gamp;url=http://www.nydailynews.com/news/citytime-contractor-pay-500-million-article-1.1038786CityTime contractor admits bfraud/b, will pay NYC $500 million/afont size=-1 color=#6f6f6fnobrNew York Daily News/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHxe4-zUQWhYDkirO2Hy29GpzROGAamp;url=http://www.reuters.com/article/2012/03/14/manhattan-saic-idUSL2E8EE5WJ20120314NYC to be paid $500 mln in SAIC bfraud/b case/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEpCE7sbGaqgVPHWLdklK sQLdcrrAamp;url=http://www.huffingtonpost.com/2012/03/14/citytime-contractor-mark-mazer-500-million_n_1344712.htmlnobrHuffington Post/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dhaSMgNkyDQDdlMZtrDG Ww62-YSnMnobrball 120 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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