A leading Albany developer pleaded not guilty Monday to charges in a bid-rigging scheme as part of a sweeping federal and state corruption investigation.
A felony complaint filed Thursday by state Attorney General Eric Schneiderman accuses Joseph Nicolla of colluding with the head of SUNY Polytechnic Institute, Alain Kaloyeros, to rig a bid on a $27 million student housing project.
Nicolla’s lawyer stated, “Joe Nicolla never ever ever has engaged in bid-rigging… He’s a remarkable businessman who has played by the rules every single day of his life. These charges are brought without facts to support them.”
Nicolla was released on his own recognizance.
Full Content: New York Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI