Real estate corruption network stopped in New York

NEW YORK. – In one of the most serious setbacks against corruption in the public system, 70 current and former employees of the New York Housing Authority, the largest public housing authority in the United States, have been accused of bribery and extortion, according to judicial authorities.

Of the 70 defendants, 66 were arrested on Tuesday in several states including New York, New Jersey, Connecticut and North Carolina, said the Manhattan Southern Court District Attorney’s Office, which is investigating the case. This is the largest number of federal bribery charges filed in a single day in the history of the Justice Department.

The inmates are accused of accepting “cash payments from contractors in exchange for awarding contracts” from this massive public agency that provides controlled-price public housing to one in 17 New Yorkers who would otherwise be unable to afford market rates pay.

The system was operational between 2013 and 2023. Defendants took advantage of the fact that contracts valued at less than $10,000 were not required to go through the competitive bidding process. This is to streamline administrative processes.

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