A continuing crackdown by New York City prosecutors on fraud in the city’s interior renovation market has netted its latest results—the May 5 indictments of six area subcontracting firms and their owners, in a contractor bid inflation scheme that overcharged clients by at least $30 million in the last decade.
The firms and executives were charged with second-degree grand larceny for colluding with Manhattan-based Lehr Construction Corp. in the fraud. That construction management firm and four of its leaders were indicted on May 4 on charges that included fraud, corruption, grand larceny and money laundering.