Four IT Consultants Charged With $80M NYC Rip-Off 126
theodp writes "It's I-told-you-so time for Slashdot commenter frnic, who smelled a crime last March after reading that New York City had dropped $722 million on its still-under-development CityTime Attendance System. Nine months later, US Attorney Preet Bharara charged 'four consultants to the New York City Office of Payroll Administration ... for operating a fraudulent scheme that led to the misappropriation of more than $80 million in New York City funds allocated for an information technology project known as "CityTime."' Three of the four consultants were also charged — along with a consultant's wife and mother — with using a network of friends-and-family shell corporations to launder the proceeds of the fraud. Dept. of Investigations Commissioner Rose Gill Hearn called it a shame that 'supposed experts hired and paid well to protect the city's interests were exposed as the fox guarding the hen house.'"
Comment removed (Score:3, Informative)
Re:WTF is Eighty dollars millimeters? (Score:3, Informative)
It's helpful for the people who use the long-scale [wikipedia.org] when counting.
Re:WTF is Eighty dollars millimeters? (Score:4, Informative)
Re:WTF is Eighty dollars millimeters? (Score:5, Informative)
"M" is the roman numeral for "1,000". In financial contexts, "MM" means "1,000,000" (1,000 x 1,000)
Uhhh...it would seem to me that, if we are going the roman numeral route, MM means 2000 and not 1000x1000. The year is currently MMX. Does that make it year 10,000,000?