After a four-week trial but with less than two days of deliberation, a Manhattan federal jury convicted Louis Ciminelli, former head of the now-defunct Buffalo, N.Y., contractor LPCiminielli, and Alain Kaloyeros, the fired ex-head of SUNY Polytechnic Institute in Albany, N.Y., of fraud and conspiracy in a scheme to rig bids on a $750-million upstate New York manufacturing project.
Ciminelli is set for sentencing on Oct. 17.
Also convicted in relation to a separate bid-rig deal on two other projects were Steven Aiello and Joseph Gerardi, two former top execs of COR Development, a Syracuse, N.Y., firm.
Read more here on the verdict, prior rulings, details and the toll the legal case has taken on LPCiminelli.