A verdict has been delivered in the trial of former SUNY Poly Founder and President Alain Kaloyeros.
A federal jury in Manhattan has convicted Kaloyeros of bid-rigging charges.
Kaloyeros received the verdict Thursday at 4:35 p.m. in courtroom on the 26th floor of the Daniel P. Moynihan U.S. Courthouse. The Jurors convicted Kaloyeros of rigging the bids on State Contracts in Governor Cuomo's "Buffalo Billion" initiative that was intended to revive the economies of Western and Central New York.
Governor Cuomo was not charged in the case.
In a statement released Thursday afternoon, Governor Cuomo said "The jury has spoken and justice has been done. There can be no tolerance for those who seek to defraud the system to advance their own personal interests. Anyone who has committed such an egregious act should be punished to the full extent of the law."
During the trial federal prosecutors had tried to establish that Kaloyeros had resorted to bid-rigging as a method to maintain clout within the Cuomo administration and had been working with one of Cuomo's closest allies: Todd Howe. Howe's name has been associated with several political corruption cases. Howe has pleaded guilty to eight felonies in connection with the separate corruption and bribery schemes involving Joe Percoco. Percoco, was found guilty in May of this year on three corruption-related charges.
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