A Canadian contractor was charged Thursday with falsely obtaining hundreds of millions of dollars in World Trade Center construction contracts earmarked for minority- or women-owned businesses.
Larry Davis, owner of DCM Erectors Inc., was expected to appear Manhattan federal court Thursday after being charged by the feds with setting up a front company to defraud the government into giving him steel contacts and then subcontracted the work out to non-minority subcontractors. The scheme allegedly involved DCM’s work at One World Trade Center and the WTC transit hub — contacts that called for the company to be paid $ 256 million and $ 330 million, respectively, according to a criminal complaint. Both contracts have reportedly grown to $ 810 million.
DCM is also performing work at Larry Silverstein’s private 4 World Trade Center project under a reported $ 136 million contract.
The feds’ investigation followed findings last year by the Port Authority’s Inspector General’s office of fraud by Davis and DCM, a New York City company that is a subsidiary of a Toronto-based construction giant.
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