MASSIVE FRAUD AND MONEY LAUNDERING CHARGES RELATING TO CITYTIME PROJECT

     New York City Comptroller John C. Liu stated the following in response to questions about today's announcement by the Office of the U.S. Attorney for the Southern District of New York and the NYC Department of Investigations of massive fraud and $80 million in misappropriations relating to the CityTime project:

    "These charges will be another stain on the checkered history of the CityTime project. This further underscores the need to more closely monitor expensive outside consultant contracts."
     Comptroller Liu has called for an emergency session of the New York City Office of Payroll Administration "OPA" Board of Directors.

      As recently as last week, the Comptroller's Office has continuously provided series of documents to DOI for their investigation. The Comptroller's Office will continue to assist the Office of the U.S. Attorney for the Southern District of New York and the NYC Department of Investigations in their ongoing investigation into the CityTime project.