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Arrest In $740M NYC Time and Attendance System Case 97

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 US 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."
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Arrest In $740M NYC Time and Attendance System Case

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  • Re:Seize the $450M (Score:2, Insightful)

    by Anonymous Coward on Sunday May 29, 2011 @01:47PM (#36280364)

    I'll talk to my state representative about that.

    You better accompany that talk with a million or two. Otherwise he'll laugh you out the door.

  • by arth1 ( 260657 ) on Sunday May 29, 2011 @04:39PM (#36281558) Homepage Journal

    Will that lead to a reduction in crime?
    Or is it perhaps not a reduction in crime you're after, but base revenge?

    The problem isn't the severity of the punishment (except that it's too hard for other crimes - there's a strong correlation between severity of punishment and recidivism), but the feeling these people have that they can get away with it, and not face a court at all. Because most of the time, they can, and don't.

    Let's put it this way: Would you pick up a suitcase full of money if there was a 1% risk of getting caught? Would it change your decision if the penalty was increased from 2 years in jail to 10 years? Nah, didn't think so. But what if the risk of getting caught was much higher, say 25%? Would that change it?

    Strip away all protections companies have that were meant for individuals only. And have any investment that balloons to more than, say, 125% of the inflation adjusted original be automatically subject to federal investigation. Yes, it will require more people. Some of the unemployed would welcome that. And it would save money.

Think of it! With VLSI we can pack 100 ENIACs in 1 sq. cm.!