Feds Bust 7 Over $1M Public Housing Bribery Scheme

Law360, New York (October 6, 2011, 3:30 PM EDT) -- Federal and local police on Thursday arrested seven men — including lawyers, developers and a New York city official — for allegedly participating in a more than $1 million bribery scheme in which developers paid for contracts to work on public housing.

Prosecutors say several developers delivered handfuls of cash to Wendell Walters, an assistant commissioner for the New York City Department of Housing Preservation. The money allegedly bought them contracts routinely valued at more than $10 million to build and rehabilitate housing projects in Brooklyn,...
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