NEWARK, N.J. (CBSNewYork/AP) — Federal authorities have arrested two people in New Jersey and four in New York on fraud and embezzlement charges stemming from a Jersey City construction project.

Anselmo Genovese faces charges related to his role as a project manager for New York-based 160 Broadway Concrete. The subcontractor was working on the high-rise construction project at 77 Hudson Street in Jersey City.

He was released on $500,000 bail Wednesday after a federal court appearance in Newark. Attorney Gerald Shargel said Genovese will plead not guilty.

The Staten Island, N.Y., resident is accused of conspiring to make unlawful payments to the then-business manager of a Jersey City union so his company could use laborers from New York.

Prosecutors said the deal cost the New Jersey Building Laborers’ Statewide Benefit Funds approximately $1.7 million.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

More From CBS New York

Download Weather App

Watch & Listen LIVE