Contractor Cops To Bid-Rigging $24M Condo Project

Law360, New York (August 1, 2011, 6:50 PM ET) -- An Oregon contractor pled guilty Friday to rigging bids for a $1.2 million project tied to the development of a $24 million condominium in Portland and fraudulently inducing the state to hand his workers unemployment benefits.

Stephen Gregory Nagy, 49, was sentenced as part of a plea agreement in Oregon state court to 30 days in jail and five years of supervised probation, and his company S&S Drywall Assemblies Inc. was ordered to dissolve, Oregon Attorney General John Kroger said Friday.

Nagy rigged the bidding process...
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