A Buffalo, NY developer convicted in an antitrust case earlier this year will spend more than two years in prison. In addition to the 28-month prison term, the judge also ordered the man to pay a $500,000 fine.
The developer participated in a pay-to-play scheme that awarded nearly a billion dollars to Buffalo-area construction projects. Prosecutors alleged that participants paid enormous campaign donations to New York governor Andrew Cuomo as part of the bid-rigging scheme. Cuomo himself did not face charges. A federal jury also convicted two other developers indicted in the same investigation. Also charged and convicted was the former president of the State University of New York Polytechnic Institute. Prior to his arrest, Dr. Alain Kaloyeros served as Governor Cuomo’s head of key economic development programs.
Kaloyeros received a sentence of 42 months in prison and two years of supervised release. The judge in that case also ordered Kaloyeros to pay a $100,000 fine. Prosecutors say that Kaloyeros directed hundreds of millions of dollars in construction contracts to pre-selected developers.
The jury convicted each of the four men of wire fraud and conspiracy to commit wire fraud. In addition, the jury convicted one developer of making false statements to federal authorities. They convicted another developer of paying bribes to a Cuomo campaign executive.
Federal Criminal Antitrust Lawyer
When you face charges of bid rigging, hire an experienced criminal antitrust lawyer like Robert Helfend. Mr. Helfend has nearly 35 years of experience in criminal defense. He takes federal cases in any circuit in the United States. He also takes state-level cases in Los Angeles County and throughout Southern California.
Antitrust statutes provide for both civil and criminal penalties. Corporations can face criminal charges, as can individual executives. Criminal actions under antitrust statutes include anticompetitive activities like price fixing, bid rigging and market allocation schemes. Normally, anticompetitive actions also rely on cooperative agreements between individuals or corporations that would otherwise compete against each other.
Federal authorities vigorously investigate and pursue antitrust charges, especially when they involve public corruption. When you face criminal anticompetitive charges, your best defense strategy involves hiring an experienced, aggressive criminal defense attorney.
Photo Credit: Michel G., via Flickr.com