KEvin Schuler, a former executive with Buffalo, New York general contractor LPCiminelli, pleaded guilty to fraud and conspiracy for his part in an alleged bid-rigging scheme.
The scheme reportedly helped his former employer win a US$750 million contract related to the Buffalo Billion development program. Prosecutors claim that Schuler and two other LPCiminelli executives, Louis Ciminelli and Michael Laipple, and other individuals related to Gov. Andrew Cuomo’s economic initiative, rigged the bid process in favor of LPCiminelli and other contractors.
The executives allegedly made bribes paid to former Cuomo aide Todd Howe and one other individual. Former US Attorney Preet Bharara alleged that LPCiminelli received the multimillion-dollar SolarCity construction contract in return for bribes that were disguised as consultant fees to Howe, who had influence over contract awards.
Full Content: BDC Network
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Prime Therapeutics Found in Violation of Antitrust Laws, Arbitrator Rules
Jan 23, 2025 by
CPI
Honda and Nissan Face Challenges in China Amid Potential Merger
Jan 23, 2025 by
CPI
Trump Criticizes EU’s Tech Crackdown, Calls It ‘A Form of Taxation’
Jan 23, 2025 by
CPI
Meta Faces Fresh Allegations of EU Law Breaches in Subscription Service Rollout
Jan 23, 2025 by
CPI
European Commission Investigates Crypto Rules for Cross-Border Stablecoins
Jan 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon