SCHENECTADY - A pair of men, one a well-known businessman, face felony larceny and money laundering charges for setting up complex embezzling schemes that netted them half a million dollars, police said.
One of those arrested after an extensive investigation was longtime Rotterdam business owner and developer Timothy S. Larned of William M. Larned and Sons, according to Schenectady police.
Larned and Frank W. Corradi allegedly billed Plank Construction Services for work that was not performed, materials that were not delivered, did not exist or were altered, police said.
Investigators did not say how long the schemes went on.
Corradi was employed by Plank Construction as a earth work division supervisor.
An ongoing, joint investigation by the Schenectady Police Department, the State Police, and the Schenectady County District Attorney's Office has so far determined that Corradi, an employee charged with hiring contractors to perform work, set up a shell company by the name of Rex Earth, LLC., to overcharge his employer, police said. The shell company was set up exclusively to defraud by falsifying bills, police said.
The investigation revealed the money used to pay the fraudulent charges were then diverted back to Corradi and others, police said.
Additional charges are expected, police said.
Corradi, 49 of Glenville, was charged with third and fourth-degree grand larceny, fourth-degree money laundering and first degree falsifying business records
Larned, 62, of Schenectady, was charged with third-degree grand larceny, fourth-de
gree money laundering and first-degree falsifying business records, police said.
Their jail or bail status was not immediately known.
We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics. Funny how that works.
Was that a collective oh fuuuuuu......dge I just heard coming from the direction of town hall? HAHAHAHAHAHA!!
Coupled with what's been going on in town since November, I'm reminded of the words from an old song, something to the effect of "..and the walls came tumbling down." Keep up the pressure this is starting to get interesting.
SCHENECTADY -- Two contractors were arrested and charged with billing clients for more than $500,000 worth of work that was never performed, and materials that were not delivered. 49-year-old Frank Corradi or Glenville and 62-year-old Timothy Larned of Schenectady were arrested following an investigation between the Schenectady Police Department, The New York State Police, and the Schenectady County District Attorney's Office. The Schenectady Police Department reports that Corradi, who was employed by Plank Construction Services as a supervisor, was actually hiring a shell company to overcharge his employer. Police said that the bills were paid to Rex Earth, LLC, which an investigation showed diverted the funds back to Corradi and others. Police said that their investigation also uncovered false billing by William M. Larned and Sons owner Timothy Larned for tens of thousands of dollars. Corradi was charged with 11 counts of 3rd Degree Grand Larceny, two counts of 4th Degree Grand Larceny, Money Laundering, and Falsifying Business Records. Larned was charged with 3rd Degree Grand Larceny, Money Laundering, and Falsifying Business Records. Police said that additional charges are expected
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Someone pass the popcorn, this is going to get interesting!
Either they'll sweep it under the carpet and they'll walk away with a little fine - or there'll be a LOT of pointing fingers and name dropping of connected "elite".
Either way, I'd like mine with lots of salt, and extra butter please.
We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics. Funny how that works.
Wonder what faction of the dem party these 2 guys lean toward.
Anyone think that this has been going on for a v-e-r-y l-o-n-g time? Anyone think some things have already been brushed under the rug in ROTTENdam long BEFORE the arrest? are there more to come? YUP.....pass the pop corn!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
unfortunately....guilty or not.....this accusation comes as no big surprise to most.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
How's the Empire State Plaza doing? Anyone heard from JC?
We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics. Funny how that works.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
That was fu(king home run by the county.....hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Quoted Text
Schenectady County buys land to host Rotterdam Little League fields Sunday, January 12, 2014 By Justin Mason (Contact) Gazette Reporter Text Size: A | A Advertisement
ROTTERDAM — Schenectady County has finally closed on land to build three baseball diamonds for the Little League in Rotterdam, ending an exhaustive effort that started more than a decade after the organization’s existing fields were imperiled by development.
County officials announced they have formally purchased 8.7 acres off Burdeck Street from developer Timothy Larned for $260,000. The county will continue to own the land, but lease it back to the Little League at a nominal cost.
“That means clear sailing from here,” County Attorney Chris Gardner said Thursday.
Of course, the sale also means the Little League now has to start aggressively seeking funding to build the new ball fields, parking lots and concession stand associated with the project. Already, the league has about $30,000 at its disposal, which is enough to start work.
Grading could begin as early as the spring. Larned and Frank Del Gallo — a pool builder and the former supervisor of Rotterdam — have agreed to help the league level the site so that work on the first field can begin this spring.
“I’m ecstatic this is happening,” said Bob Caprara, the league’s treasurer, who spent years scouting potential sites for the fields. “It won’t be the end result, but we should be able to play baseball by 2015.”
Caprara said the county taking ownership of the fields will allow the league to seek grant funding for the remaining work. He said the league will also continue its own fundraising efforts to bring the final vision for the property to fruition.
“The first thing we have to do is get those fields built,” he said.
The protracted saga of the fields has dragged on long enough that the Rotterdam Little League has merged with another organization in town. In November, the league quietly joined with the Carman Little League, creating an organization serving roughly 500 youths.
The drive for new fields began when the lands of the former Rotterdam Republican Club on Princetown Road and North Thompson Street were sold in 2003. The property hosting three of the Rotterdam Little League’s diamonds was initially slated for a Walmart Supercenter, raising concerns that the organization could lose most of its field space.
The Republican majority on the Town Board initially proposed building a sprawling park complex across from the Rotterdam Square mall before state officials ruled the deed restrictions on the town-owned land would prohibit such development. Several years later, the county Legislature’s majority Democrats signed an option to buy land for the fields on Guilderland Avenue, only to realize that the amount of wetlands on the property would make it impossible to build the four fields needed by the league.
In 2011, county officials announced plans to buy the property off Burdeck and behind Rotterdam’s wastewater treatment plant on West Campbell Road from Larned, so that he could develop the former Republican Club into a 248-unit apartment complex. Work on the fields was supposed to begin that summer, allowing the league to open its 2012 season at the new complex.
Only negotiations over a sewer line proposal for the apartment complex stalled the town’s issuance of a building permit for the apartment project — a contingency for the sale of the property needed for the fields. Though negotiations over the sewer line were completed last year, the sale wasn’t finalized until recently.
“I am delighted that this project is going forward,” said Bob Carter, who serves as president of the merged leagues. “I look forward to providing new opportunities to our youth to play baseball.”
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Argo Turbo Service Corporation need to expand their existing operation in Schenectady, NY so they worked with Plank Construction Service’s to aid in the design and then construct of a new facility. The new facility is a 22,044SF Pre-Engineered building with a hi-tech look. The facility includes modern open space offices, a state of the art conference center and unique testing and certification labs. The facility required hi tech security and fire suppression systems which included a shipping dock that meet these same standards.
The project was completed in 4 months and costing $2,400,000.00.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Town, County, Metroplex Agree on Plan to Extend Sewer Service to Burdeck Street in Rotterdam
Rotterdam, N.Y., May 14, 2013 -- The Town of Rotterdam, Schenectady County and the Schenectady County Metroplex Development Authority today announced that they have reached an agreement that will run a new sewer line to Burdeck Street helping to spur economic development in the Burdeck Street/Route 7/I-88 corridor.
An innovative public-private financing partnership calls for the new sewer project to be built with no out of pocket costs for the Town due to an $88,000 grant from Metroplex and the cooperation of a developer building a new $20 million apartment complex in Rotterdam.
The developer, Mr. Timothy Larned, has approvals already in place to build a non-gravity force main system to serve only the new apartment complex at a cost of $489,000 plus an $186,000 sewer hook paid to the Town of Rotterdam for a total cost of $675,000. This type of sewer line if it were built would not be able to serve new users on Burdeck Street.
The Town, County and Metroplex, working in close cooperation with the developer, have reached agreement that calls on the developer to build a gravity system and enlarge the size of the sewer line connecting the Town’s sewer treatment plant to the Burdeck Street corridor at a cost of almost $1 million. The developer will incur the added expense of installing the larger gravity feed system that will enable additional users to tie into the system in the future. The developer will receive an $88,000 grant from Metroplex. In addition, the Town will waive a sewer hook up fee of $186,000 to help offset the cost of building the more expensive sewer system. The developer will donate land for the expanded sewer project.
While the Town forgoes a one-time sewer hook up fee of $186,000 in exchange for the larger sewer system, it benefits many times over in the form of new revenues. First, the developer will pay the Town a park fee of $148,800. Next, the new apartment project will generate more taxes for Rotterdam helping the Town recoup its investment in waiving the fee within one year. Finally, the Town will benefit as other users tie into the system and pay the Town sewer hook-up fees.
Rotterdam Supervisor Harry Buffardi said, “This is a great deal for Rotterdam. The Burdeck Street sewer project has been on the drawing board for many years in Rotterdam, but nothing ever got built by past Town Administrations. We are very proud that our team in Rotterdam is moving this forward with the full support of the County and Metroplex.”
County Legislator Anthony Jasenski said, “The Burdeck Street corridor offers the opportunity to add substantial jobs and tax base. To get there, we need sewers and this innovative partnership provides the funding needed to move forward with another game changing project for Rotterdam.”
Metroplex Chair Ray Gillen said, “This sewer project will help us develop the Burdeck Street Business corridor which ties into Route 7 and the I-88/I-90 exchange. In addition, we believe the availability of the new sewer line will help existing businesses in this area that will have the opportunity to tie into the expanded system.”
The Rotterdam Town Board approved the formal expansion of the sewer district at its meeting last week.
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