The federal case against the former president of the State University of New York Polytechnic Institute (SUNY Poly) is proceeding, albeit slowly. Alain Kaloyeros, faces antitrust charges, including bid-rigging, fraud conspiracy, bribery and extortion.
Kaloyeros and eight co-defendants face charges of issuing no-bid contracts on behalf of SUNY Poly and accepting bribes. According to investigators, Kaloyeros created a private corporation to design, build and manage SUNY Polytechnic facilities. Since the corporation was private, it was exempt from public oversight.
One of Kaloyeros’ co-defendants is Joe Percoco, a former senior official in Governor Andrew Cuomo’s office. Developers in both Syracuse and Buffalo also face charges in the case. SUNY Poly is located in Albany.
According to the indictment, Kaloyeros and a co-conspirator rigged the bidding process to award business to “preferred developers.” They designed the scheme to circumvent Fort Schuyler Management, the non-profit real estate management arm of SUNY Poly. Through the private corporation, prosecutors allege that Kaloyeros and his co-conspirators recruited developers. The developers paid bribes to receive SUNY contracts worth at least $1B.
Kaloyeros resigned from his position in October 2016, shortly after federal prosecutors indicted him. Since that time the school has struggled to find research and development partnerships, and now faces a deficit of nearly $40M.
Federal Antitrust Lawyer
When you face antitrust charges – including bid-rigging, price-fixing or market allocation – hire an experienced federal antitrust lawyer. Your best defense strategy is to work with an aggressive defense lawyer who will help you through the adjudication process.
Federal prosecutions can be long and expensive. For a defendant, the odds aren’t very good. Federal prosecutors currently claim a more than 90% conviction rate on “white collar” crimes. In many cases, defendants simply plead guilty. No matter what you ultimately decide to do, hiring an experienced federal criminal defense attorney is the best strategy.
Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County antitrust case.
Photo Credit: Government of Alberta, via Flickr.com