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SAIC Inc.

City Hall - New York, NY - File / Photo: Spencer Platt/Getty Images

Company In Charge Of CityTime Agrees To Pay $500M To NYC

SAIC Inc. attorney Douglas Lobel entered the agreement Wednesday before a federal judge in Manhattan to pay $500 million in restitution and penalties in a deal that helps it avoid prosecution for alleged over billing.

03/14/2012

City Hall - New York, NY - File / Photo: Spencer Platt/Getty Images

NYC Wants $600 Million From Tech Giant In CityTime Payroll System Scandal

Federal prosecutors have said that nearly the entire sum the city spent on the project was tainted by an epic fraud that involved hundreds of contractors, systemic overbilling and an international money-laundering conspiracy.

06/30/2011