College exec in scam bust
A construction manager at Touro College was busted yesterday in a bid-rigging scheme after allegedly pocketing an envelope stuffed with payola and boasting about the scam to a crooked contractor.
Lawrence Pesce was charged with wire fraud for allegedly cheating his employer out of $2 million by helping the unidentified contractor win a $10.9 million deal for a construction project on West 125th Street in Manhattan.
According to a Manhattan federal court complaint, Pesce told the contractor to jack up his $9.1 million bid because the college was expecting to pay about $12 million.
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