Former Payroll Consultant Arrested In NY Scandal

NEW YORK (AP) — The project manager who developed New York City’s troubled CityTime payroll system has been arrested on charges that he received at least $5 million in kickbacks for his work.

Gerard Denault was awaiting a court appearance in Manhattan Friday after he was arrested Thursday in Danbury, Conn.

1010 WINS’ Stan Brooks has more on the scandal.

Prosecutors said he laundered the kickback money through international shell companies. Authorities have said consultants including Denault bilked the city out of $80 million as they worked on a plan to help the city cut costs and save money.

The project was supposed to modernize the payroll system for city employees at a cost of $63 million. It has cost $700 million so far.

It was not immediately clear who would represent Denault in court.

(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 This material may not be published, broadcast, rewritten, or redistributed.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.)


One Comment

  1. ernest blofeld says:

    did he have a manager? did he work for anyone that had a pulse?

  2. Message from MIKE BLOOMBERG says:

    I would like to thank all the stupid white people for voting for me so I could let all my friends rob this city blind. Thank you sincerely for the yachts, private jets, priceless artwork, exotic trips, mansions and jewelry. I will forever be in your debt.

  3. Eileen Tracey says:

    Gee, no wonder New York City is going broke.. How many more money grubbing thieves are bilking the tax payers ?
    Whose bright idea was it to hire him ? Another case of poor management, all thieves watching thieves..

  4. Low-Life says:

    Nice little life he must of been living up in Danbury. Low-life

Comments are closed.

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