New York City's billionaire mayor, Michael Bloomberg, created a pet project with the stated goal of modernising the city's old paper-based payroll system with a new computerised biometric system called 'Citytime'.
The project was meant to cost $63m in tax-payer money, but that amount has ballooned to over $600m, and Citytime has been described as one of the "largest and most brazen frauds ever committed" against New York.
US prosecutors say some of the contractors hired to reduce payroll fraud actually helped swindle tax-payers out of millions of dollars.
Al Jazeera's Kristen Saloomey reports from New York.
No comments:
Post a Comment