21288952 submission Submission Arrest in $740M NYC Time and Attendance System Submitted by theodp on Sunday May 29, 2011 @11:24AM theodp writes: Mayor Bloomberg's perception of money, opines Gothamist's Christopher Robbins, is somewhat different than most non-billionaires. Just hours before the leader in the city's $740 million CityTime web-based time and attendance boondoggle was arrested for allegedly taking $5M in kickbacks, Bloomberg said on his weekly radio program that 'we actually did a pretty good job here, in retrospect.' Overshooting the projected $68M it would cost, adds Robbins, 'pretty much sounds like the exact opposite of a 'pretty good job'.' A U.S. Attorney said SAIC Project Manager Gerald Denault was charged with accepting more than $5M in kickbacks laundered through international shell companies while steering more than $450M of city funds to the tech company behind the kickbacks. In December, CityTime consultants were charged with stealing $80 million.