Related Links: New Forged Bonds Discovered, with Mounting Losses How Tennessee Contractors Caught Forged Surety Bonds The forged Chubb bonds discovered this year provide evidence that the laws allowing individual sureties help criminals steal from the very companies individual surety is supposed to benefit: small and minority-owned contractors. More than 20 contractors have been defrauded of about $3 million by these bonds over an 18-month period, according to a new report on ENR.com.The alleged forgers didn't bother to show up in federal court in Florida, where Chubb Group has won a civil judgment against them. The two defendants represented themselves
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.