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Canadian executive exonerated in World Trade Centre rebuilding fraud

A Canadian steel company executive convicted of defrauding a program to help minorities and women in the reconstruction of the World Trade Centre has been exonerated.

Judge Loretta Preska exonerated Larry Davis, of Mississauga, Ontario, on Thursday.

David was convicted by a jury in 2016 on wire fraud and conspiracy charges. His lawyer had portrayed him as one of the heroes who rebuilt the skyscrapers after the attack in 2001.

The Port Authority of New York and New Jersey owns the trade centre site. The judge wrote that the Port Authority got what it paid for when it hired DCM Erectors Inc. with contracts worth nearly $1 billion USD.

Read more at CTV News

This article is summarized by Canadian Fraud News Inc.