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Tishman Construction Admits to Fraud

NEW YORK CITY—The firm has settled a federal lawsuit in which it was charged with overbilling clients on the development of the World Trade Center and other iconic projects.

By Rayna Katz | Updated on December 11, 2015

NEW YORK CITY—Tishman Construction has admitted to fraudulently overbilling clients and agreed to pay a total of more than $20 million in both restitution to victims and penalties to the federal government. Slapped with charges of mail and wire fraud conspiracy from the federal government, the company also has instituted reforms designed to establish best practices and provide governance and oversight. 

In a scheme that allegedly went on for a decade, the US Attorney’s Office for the Eastern District of New York claimed Tishman fraudulently overbilled for work on several projects, including World Trade Center Towers One Three, Four and Seven; the World Trade Center PATH Transportation Hub; the Plaza Hotel renovation; the Javits Convention Center expansion and renovation project; the Aqueduct Casino in Queens, and among others.

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