27 Mart 2017 Pazartesi Breaking News             Latest US News            New York

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CaptionCloseAlbanyJoseph Nicolla, the city's most prominent developer, is expected Monday morning in City Court to answer charges in an alleged bid-rigging of development projects in Albany, central and western New York.A felony complaint was filed Thursday...

Joseph Nicolla to be arraigned Monday in Albany

CaptionCloseAlbanyJoseph Nicolla, the city's most prominent developer, is expected Monday morning in City Court to answer charges in an alleged bid-rigging of development projects in Albany, central and western New York.A felony complaint was filed Thursday...

Joseph Nicolla to be arraigned Monday in Albany

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Albany

Joseph Nicolla, the city's most prominent developer, is expected Monday morning in City Court to answer charges in an alleged bid-rigging of development projects in Albany, central and western New York.

A felony complaint was filed Thursday in Albany City Court following a year-long investigation by the attorney general's office that Nicolla colluded with the head of SUNY Polytechnic Institute to win a $27 million student-housing project.

Also charged was Alain Kaloyeros, 60, the suspended president and CEO of SUNY Poly. Kaloyeros pleaded not guilty Friday in City Court after he was arraigned on three state felony charges.

Nicolla, 59, the politically connected president of Columbia Development Corp. and a key player in Albany's revitalization, was traveling overseas last week.

Nicolla's company has received millions in government incentives

He faces one felony charge of bid-rigging, officially called Combination in Restraint of Trade and Competition. The felony under state general business law carries a maximum penalty of four years in prison.

The scheme was "unusual in its brazenness," Attorney General Eric Schneiderman said at a news conference Thursday in Manhattan.

The same day, federal prosecutor Preet Bharara unsealed criminal complaints against several former officials in the Cuomo administration and upstate developers in connection with SUNY Poly projects.

Schneiderman said his office began examining the public contracts last year and coordinating their efforts with Bharara's office as the cases started to overlap.

A law enforcement source said the attorney general's investigation was prompted by Times Union stories on the dealings between Columbia Development and SUNY Poly.

Our editors found this article on this site using Google and regenerated it for our readers.

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