NEW YORK – The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and an adjacent transit center has been arrested on fraud charges.
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Larry Davis was released on $100,000 bail Thursday. His lawyer said he will fight charges of wire fraud and conspiring in a scheme to cheat a program that provided contracts to minority- and women-owned businesses.
Court papers said Davis from 2009 through 2012 caused false payroll records to be sent to the Port Authority of New York and New Jersey.
The government said a Davis-owned company was awarded a $256 million contract to work on the trade center building and $330 million to help construct the transportation center.