NY Hospital Contractor Dodges Prison In Bid-Rigging Case

Law360, New York (April 2, 2013, 8:33 PM EDT) -- A contractor who pled guilty to conspiracy and then cooperated with prosecutors against a bid-rigging ring at two New York City hospitals was sentenced to probation Tuesday.

Michael Theodorobeakos, who owned two Long Island, N.Y., insulation services companies, pled guilty in April 2007 to conspiring to rig bids on services provided to New York Presbyterian Hospital and Mount Sinai Medical Center.

He later aided investigators who were probing corruption in the bid-rigging at the two prominent medical facilities.

At a hearing in Manhattan federal court, U.S....
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