CityTime Scandal SAIC shareholders get a vote?

SAIC CITYTIME Gets A Vote!

SAIC asks it shareholders to vote on executive compensation via a Proxy Statement. Seems like there at least a few CITYTIME influenced changes. As highlighted in there SEC filing a few line items catch the streets Monday morning eye.

"Compensation Highlights"

"enable us to recover, or “clawback,” incentive compensation if

there is any material restatement of our financial results or if an executive is involved in misconduct;"

"avoid incentives that encourage unnecessary or excessive risktaking;"

"a “double-trigger” for change in control benefits, meaning that no benefits are paid solely due to a change in control (an executive’s employment must be terminated following a change in control to receive benefits).

http://www.sec.gov/Archives/edgar/data/1336920/000119312513143974/d516258dpre14a.htm

Not sure what "double trigger" means but it sounds like firing those CITYTIME supervising execs could have cost SAIC money.

"Ethics and Corporate Responsibility Highlights"

So 25 years ago...entirely during the period of  CITYTIME

"The SAIC Board of Directors has long recognized the importance of

creating and maintaining a strong ethical culture and being a good

citizen in our communities. About 25 years ago, the Board

established an Ethics and Corporate Responsibility Committee,

which evidences our unwavering commitment to high ethical

standards."

http://www.sec.gov/Archives/edgar/data/1336920/000119312513143974/d516258dpre14a.htm

Last but not least Deloitte is up for re-election. Those are the auditors you'd think would have caught CITYTIME with some 101 accounting on contracts.



http://mayorbloombergkingofnewyork.blogspot.com/2013/04/citytimesaic-real-cost-and-counting.html

CityTime Crime SAIC NYC Gov Fall-out Than Now?

http://suzannahbtroy.blogspot.com/2013/03/citytime-crime-saic-karma-boomerang.html

CityTime Update Wait for News Reminder Gerard Denault's Lawyer Barry Bohrer Moves to New Law Firm

http://mayorbloombergkingofnewyork.blogspot.com/2013/02/citytime-scandal-update-gerard-denault.html


Barry Bohrer took Gerard Denault of the CityTime scandal with him.

I have made it clear that although I believe Denault is guilty I believe his bosses and even NYC gov officials that pushed SAIC like a drug king pin pushes heroin are guiltier.

1) anonymous comment YouTube Gerard Denault never signed NYC Gov SAIC contracts so who did?

Deb Alderson?  Deb who got fired and than got yet another cush high paying job?

Deb being sued along with other top SAIC officials in her case for putting a happy face on SAIC stock she sold at a profit before the stocks tanked?

2) Not one major newspaper reported what I and only I did which is Gerard Denault sued SAIC and won.  SAIC has to pay his legal bills which is why he can afford Barry Bohrer who is an impressive attorney.

Just Barry, I do read your articles in legal journals when I can get my hands on them.
http://suzannahbtroy.blogspot.com/2012/02/mayor-bloomberg-citytime-valentines.html

Denault represented by Barry Bohrer beat SAIC on Valentine's Day.
Huge news because now he can fight back and prove big fish them him guilty?

Richard Valcich's whistle blowing letter proves it and Preet Bharara refuses to go back in time.

3) Preet Bharara said there would be arrests of NYC Gov officials but so far no arrests.
In my opinion Mike Bloomberg, Christine Quinn and Mark Page guilty but Sal Salamone, Joel Bondy so far soft landings and what about all the SAIC lobbyists -- their names enough to make you puke -- lots of Rudy Giuliani deputy mayors his guys and they tried to push the uber corrupt SAIC MTA deal.

http://mayorbloombergkingofnewyork.blogspot.com/2011/01/someone-explain-peter-powers-saic.html

4)  Exclusive Preet Bharara pushes back citytime trial yet again -- this time blames Sandy?

 http://mayorbloombergkingofnewyork.blogspot.com/2012/12/exclusve-preet-pushes-back-
citytime.html

5) biggest news for me right now is waiting for the judge to rule on the SAIC derivative law suit by SAIC shareholders regarding CityTime crime.  SAIC shareholders in this suit and another open one hold SAIC officials above Denault accountable unlike the Bloomberg administration and Preet Bharara.

I want more money back from SAIC and I want to go after the auditors for SAIC.

I want the sub-contractors involved in over billing us also to be punished and return money plus damages as well.

6)  Will Gerald Shargel and Barry Bohrer call Mike Bloomberg, Rose Gill Hearn, Rudy Giuliani and his deputy mayors turned lobbyists, Christine Quinn, Mark Page, Patti Harris and her son, I want to them to ask her husband and Mark Page did they push the SAIC MTA deal.....





So folks will the CityTime trial begin in September the same time the Murdoch Hacking trial was suppose to start in England or will CityTime trial be delayed until after the mayoral election wink wink.

Is that one of the reasons The New York Times is trying to help Christine Quinn move up the voting schedule for mayor of NYC to this summer?   Shameful just like term limits illegally pushed through now corrupt rags trying to push up mayoral election as they kill news on CityTime and ECTP 911 a bigger crime.

SAIC Tops Dogs Who's the Most Unpopular One of All?

NYC Tax Payers pay attention because SAIC robbed us over billing us mega bucks and yes after Mike Bloomberg and Rudy Giuliani's deputy mayors turned SAIC lobbyists stopped pushing SAIC like heroin We the People of NYC got $450 million cash back but I want one billion so FYI!!!!!!!

SAIC bucks shareholder proposal for FAIR voting?

SAIC seems to have a concerned shareholder on how voting is measured and wants it addressed theMarch 26th Annual meeting, the street's  recollection is this is a repeat request routinely declined by SAIC. This twist according to edgar describes poor management still post CityTime?  

http://www.sec.gov/Archives/edgar/vprr/13/9999999997-13-001040

"This proposal should also be evaluated in the context of our Companys overall corporate

governance as reported in 2012

OMI/The Corporate Library an independent investment research finn was concerned the

qualification of our directors Each of our directors received 8%to 17% in negative votes John

Jumper our Chairman and CEO received our highest negative votes 17% Jere Drummond

was second with 15% in negative votes Our Audit Committee Chairman Harry Kraemer was

involved with the bankruptcy of Comdisco Holding Company Mr Kraemerwas also on our

executive pay committee."

Stay tuned New Yorkers because ECTP 911 bigger crime than CityTime -- Cy Vance has not begun any criminal prosecution since May 2012 when asked by John Liu after an audit and the CityTime trial has been pushed back so far Mike may be out of office and he wants his puppet Christine Quinn also implicated up to her eye balls in SAIC CityTime scandal so stay tuned!

We should be getting more money back for The People of NYC that was robbed!

I am more qualified for the comptroller job than that tax payer black hole Scott Stringer.

SAIC CityTime Website Lies New Lies?

http://www.indybay.org/newsitems/2013/01/25/18730811.php


Remember SAIC lied on their website for CityTime along with Mike Bloomberg and Rose Gill Hearn praising SAIC and CityTime --- 

than when SAIC exposed -- 

Mike and Rose just praised CityTime -- a hunk of junk destined for a dumpster....



oops SAIC just removed the link -- see above  --- they just got wind of Indybay org

but FYI  SAIC was really selling lies on CityTime from their website for too long just Mike Bloomberg did and Rudy's lobbyists guys once deputy mayors....


Oh goodie CityTime mentioned in above the article...

Mayor Bloomberg Seedco pays 1.7M Over billing, SAIC CityTime, 911 Corruption Update

CityTime NYC Gov Shareholder Law Suit Deb Alderson Lap Dance?

SAIC shareholders listened to Suzannah B. Troy --- law suit goes back in Time CityTime as I keep demanding!!!!!!

Heard on the street...

Walt Haverstein and Deb Alderson, Sopp... and more names...hello

FYI -- SAIC could have lost their licensing / ticket to lose all gov work/contracts = Enron ending?
so far mysteriously they haven't.



Oct 24 Alderson attorney showed up

Amended complaint 88 pages

Looks like my blog but no typos and grammatically correct.

Refers to CityTime starting before 2003!!!!!!!

Thank you!!!!!!

Well done!!

What about Preet going back in Time CityTime?

Unprecedented conduct mis billing page 1


They talk about the history --

the suit came only after the drop in stock prices and the disclosure that CityTime was true liability.

All chronological history warning signs,
Valcich letter, City Council hearings which by as reported on my blogs Joel Bondy testified under oath, news articles ......

so it delves in to how long top officials knew and although they may not have gotten kick backs but it was as if they did because they owned stock sold with happy face and than stocked dropped big time.

These execs need to pay back profits they made selling stocks.

That want Haverstein's retirement $ ...


Lists law suits --
couple examples
2004 alone -- SAIC settled allegations repeatedly misrepresented progress -- sounds Valcich letter --

Actually lists do many improprieties from FBI Trilogy to Greek gov.
Like Get Smart bad boys with dunce hat no policing.
( Don't forget SAIC manned drone killed innocent Afganistan People not mentioned).

Denault did not work on this so it sounds like of corruption SAIC and Denault was not hired.

Pentagon released report Iraq Humanitarian assistance contract -- fix was in SAIC more improper billing...


Stay tuned and look at NYC gov CityTime CityCrime --- knew this was going on yet no accountability no arrests.

Also note from Suzannah....

Google Mark Sopp Gets email from SEC that indicates perhaps SEC waking up out of coma.
Too tired to search post link.   Here is link http://suzannahbtroy.blogspot.com/2012/08/httpwww_22.html

Derivative law suit chafing opps chasing top execs SAIC... and Gerald Denault....
who according to an Annoymous comment on my YouTube never signed one contract with NYC gov.


Preet Bharara where r arrests nyc gov officials?

Remember my video I alone said no to a renewal SAIC. How come I was the only one and I figured in 24 hours but not DOI NYC gov.

SAIC Splits To Avoid Conflicts of Interest & I have a Bridge In Brooklyn to Sell U

http://www.businessweek.com/ap/2012-08-31/saic-shares-advance-in-response-to-split-up-plan


 SAIC shares advance in response to split-up plan Businessweek THE BIG PICTURE: SAIC had been expected by investors to undertake some kind of significant move because of its depressed stock price, new management team and challenging demand environment. This move should reduce conflict-of-interest issues, ...



 Note from Suzannah -- Excuse me if I am skeptical!!!! http://suzannahbtroy.blogspot.com/2012/08/saic-investor-news-citytime-lady-gaga.html?m=1

CityTime Scandal Could SAIC Go Bust?

Could SAIC go bust? shareholder and employee Lawsuits swirling overhead, reputation severely damaged on CITYTIME. It could really stink if that were to happen for the shareholders + the employees remaining. 

Looks like its not news today,  that SAIC is again teetering nearing  a  NEW  52 week LOW...which is lower that its news worthy 52 week low in September 2011 low. Is this not news? Didn't SAIC just snap up their own stock and push a dividend out to shareholders to bulster share price? Does not seem to have helped. Earnings report out real soon, more disclosures on the lawsuits? 

Stock today May 4th 2:15pm 11.59, and dropping.
http://www.marketwatch.com/investing/stock/sai 

Stock Sept 2011 11.83

http://www.thestreet.com/story/11264202/1/saic-stock-hits-new-52-week-low-sai.html 

SAIC Quarterly Report Coming Suzannah Troy Artist Sez SAIC Guilty!

SAIC so guilty in my opinion and I have gone over and over and over why - Richard Valcich’s Whistle Blowing letter Feb. 2003 -- he was head of office of payroll --- http://youtu.be/vvKncG1MaFk I want way more than 500 million back from SAIC and I want money back for the People of NYC from their auditors and I want arrests of NYC gov officials and resignations. I have repeatedly this over and over....google what you don’t know if you are seeing this for a first time -- plus the trend of mayor Bloomberg king of Outsourcing and look how many defense contractors bilked us in my opinion. Google my blog -- the only source on the planet to report Gerald Denault sued SAIC in court and guess what i heard he won and SAIC has to pay his legal bills which is great for the People of NYC because he can expose more corruption. Ditto for Westlane Police and Fire suing SAIC --google and read... News 4 new results for SAIC

SAIC Schedules First Quarter Fiscal Year 2013 Earnings Release and Conference ... MarketWatch (press release) MCLEAN, Va., April 30, 2012 /PRNewswire via COMTEX/ -- SAIC, Inc. (NYSE:SAI) , a scientific, engineering, and technology applications company, will issue its first quarter fiscal year 2013 earnings press release after close of market Thursday, May 31,... See all stories on this topic »

SAIC, INC. : SAIC Schedules First Quarter Fiscal Year 2013 Earnings Release ... 4-traders SAIC, Inc. : SAIC Schedules First Quarter Fiscal Year 2013 Earnings Release and Conference Call for May 31, 2012 MCLEAN, Va., April 30, 2012 /PRNewswire/ -- SAIC, Inc. (NYSE: SAI), a scientific, engineering, and technology applications company, ... See all stories on this topic »

GDIT, SAIC Win Spots on Potential $123M Navy C4I Engineering IDIQ GovConWire The US Navy has awarded positions on a potential $122861882 software engineering support contract to SAIC Inc. (NYSE: SAI) and General Dynamics' (NYSE: GD) information technology unit. The Defense Department said SAIC Inc. won $23417711 in base funding ... See all stories on this topic »

SAI Corp Gets Large SPAWAR Government Contract MarineLink Under the contract, SAIC will provide engineering and technical services in support of BFTN systems, as well as production of BFTN rack systems. "We look forward to providing leading edge solutions to the Navy, allowing for more robust communications ... See all stories on this topic »

Web 1 new result for SAIC

NYC Rubber Room Reporter: SAIC, CityTime 2010: No ... So far, the fraud prosecutors found was not with directly with SAIC. Instead, it was tied to the use of "quality assurance" contractors and a small army of subject ... nycrubberroomreporter.blogspot.com/.../saic-citytime-2010-n...

SAIC Join Suzannah Troy's Non Stop Demand Give Us Our $ + Damages!

"Recent revelations about SAIC's alleged overbilling practices and numerous failures to adhere to proper accounting standards as part of the overbilling scheme prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by SAIC's top management and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of SAIC stock for all shareholders, including seeking removal of certain officers and directors and monetary payments," said shareholder rights attorney Willie Briscoe.

http://www.marketwatch.com/story/saic-shareholder-investigation-the-briscoe-law-firm-and-powers-taylor-llp-announce-investigation-of-possible-breaches-of-fiduciary-duty-by-the-officers-and-directors-of-saic-inc-2012-02-27 

Lawfirms are NOT pleased with SAIC and are seeking money  for all SAIC shareholders. They want their money back too~!
Note from Suzannah Troy - I am on record demanding way more than 600 million we got Mike to ask for. In front of SAIC's NYC office with Local 375 DC 37.

http://www.youtube.com/watch?v=AfnGDuHUQNk&feature=youtube_gdata_player

SAIC Rudy, Peter Powers, Seth Kaye and Sal Salmone the big nasty?

rewind:

http://suzannahbtroy.blogspot.com/2011/10/rudys-guys-peter-powers-seth-kaye.html

Rudy and Mike big fans of SAIC?

SAIC CityTime Rewind FBI Upgrade that wasn't

http://www.washingtonpost.com/wp-dyn/content/article/2006/08/17/AR2006081701485.html

Will the CityTime trial be the trial that wasn’t?

SAIC Newest 8K Double Talk CityTime + Mark Hughes Richard Valcich Letter

This is what Haverstein (who also will be soon leaving -- ho hum wonder why?) said in his 8K about the firings and direct relationship to city time, the entire 8k is about saying I am sorry and it will never happen again. Honestly, just not good enough.

I want the names of SAIC head management starting from when Rudy Giuliani brought in SAIC and their role in SAIC -- how longer were they working on SAIC -- example look at Richard Valcich whistle whistle blowing letter -- the name of the SAIC is crossed out -- so he leaves Feb. 2003 -- why?  There is a name of SAIC head written in -- what happened to him -- click here and look at the actual whistle blowing letter.... http://www.cheatingculture.com/daily-cheats/2010/12/21/new-details-in-citytime-corruption-case-contractor-arrogance.html  Dept. of Investigation NYC gov blew it -- 2003 and 2005 so Mike Bloomberg is not the only NYC gov employee that would immunity but perhaps some DOI officials ---  ????  2003 way before Gerard Denault....

4 local papers publish SAIC's press release mentioning a 2005 w'blower complaint to SAIC.  None of the papers mention the simultaneous 2005 complaints to DOI which languished for 5 years until May 2010.  Hmmm . . .

Watch my new YouTube http://youtu.be/bS8Ia-Ba220

http://investors.saic.com/phoenix.zhtml?c=193857&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDExOTMxMjUtMTEtMjc4NzU4L3htbA%3d%3d

After a comprehensive review of the CityTime program, including a review of management performance, the Board of Directors and I have decided that certain management changes are essential going forward. The Board and I have concluded that there were failures of management with respect to the CityTime program. Consequently, Deborah Alderson, Defense Solutions Group President, John Lord, Deputy Group President and Peter Dube, General Manager of the Enterprise and Mission Solutions Business Unit, have been removed from their positions and are no longer with the company. While we are aware of no evidence that these individuals had any personal involvement in the fraud uncovered in the CityTime program, and while each has made valuable contributions to SAIC, we must maintain the highest standards for all of our employees and for our industry, beginning with our management team. Management must ensure that ethics and compliance come before profit on every project in this company, and employees must be confident that any concerns they express to their supervisors about ethics or compliance will receive immediate and serious attention. Managers and employees alike should understand that those who are privileged to lead in our company will be held accountable.

Folks Tell me what happened to Mark Hughes and Richard Valcich....Richard has gone from hero to nothing to say....why?

Why no arrests of NYC gov. officials....how did DOI NYC gov let CityTime ECTP NYCAPS possible in 311 get so out of hand with spending and possible theft and fraud for so long and under mayor Mike Bloomberg plus tech deals Board of Ed....how did so much corruption and tax payer waste go on and on -- Bill Thompson let it flourish and John Liu finally stops the bleeding CityTime and ECTP but no heads roll NYC gov.

http://www.amyx.com/amyx-board/66

http://gcn.com/articles/2005/02/02/saic-says-fbi-should-deploy-its-case-management-system.aspx

Was Mark Hughes working for SAIC on the infamous FBI SAIC tech disaster as well -- and is Hughes Saint Hughes above investigation despite Valcich letter?  What of Hughes and Valcich?

SAIC knew CityTime was a lemon way back when I am guessing very early on.....so what are the names of the top dogs SAIC from the beginning SAIC CityTime -- look to FBI SAIC disaster as well....?

http://mayorbloombergkingofnewyork.blogspot.com/2011/10/mark-hughes-passes-corruption-baton-to.html

Tax Payers Against Fraud -- take a peek SAIC but Guess What SAIC does Win Occasionally!

http://www.taf.org/

see any companies that look familiar?

scroll down past Oracle -- keep going until you see SAIC....

there goes SAIC and bidding....

Than Google New York Law 360 SAIC

and see what’s up......

looks like SAIC is very busy but I found this one -- SAIC actually won one.... see below...

wow SAIC gets out of this bidding mess on top -- I am surprised...

Law360 reports Fried Frank's successful representation of SAIC in bid protest matter

March 8, 2011

Law360 reported the Firm’s successful representation of Science Applications International Corporation (SAIC) in defending the company in a bid protest matter with Unisys Corp. Unisys claimed that SAIC, through a former government employee, had access to and used proprietary information in preparing its bid to the Defense Information Technology Contracting Organization for a US$91m contract, intentionally bidding hourly rates below those used by Unisys. The investigation found that the employee’s knowledge did not give SAIC an unfair competitive advantage. Washington, DC litigation partner James J. McCullough led the Fried Frank team. Why is a wild NYC artist like me interested?  Because I still can’t get over the SAIC MTA deal that almost was....

CityTime SAIC ECTP NYCAPS Cover-Ups

http://www.youtube.com/watch?v=iWsxOn5Zn54&feature=youtube_gdata_player

Watch this old tube - Patricia Harris stepson cush Tech position nyc gov. Believe Bloomberg's sister's best friend other Information Tec head. Others got jobs because of who they know, etc.

Pat Harris's husband and Mark Page appointed by Mike to head of MTA board. I want to ask them about SAIC!

Mark Page - hand cuffs?


Cover-ups SAIC, CityTime, ECTP, NYCAPS continue -- where r arrests including NYC gov officials?


The head of SAIC leaving -- bye bye.

In tube get in to SAIC MTA deal.

Reminder Mike and gang pushed SAIC like heroin and Rose Gil Hearn and Mike did infomercials for CityTime a few months ago!!!

Don't know something google my name and. ECTP or RodeGil Hearn.

SAIC Military Records Stolen To NY Black Hole for Tax Payers

http://m.techrepublic.com/blog/security/proving-its-hard-to-prevent-stupid-military-medical-records-stolen-from-car/6647?tag=nl.e019



Google my name and lobbyists CityTime SAIC TechnoDyne etc

LObbyists ECTP and NYCAPS

CityTime SAIC Update + My Auditor My Whistle Blower

http://www.cfo.com/article.cfm/14584295

SAIC CityTime where was SAIC’s auditors all these years?

Ditto for NYC gov. and Bill Thompson, Mike Bloomberg, Mark Page, Patricia Harris and even Christine  Quinn

answer that and why no one thought it was strange SAIC went over budget by 700 million 

tax payer dollars?

Who was Gerard Denault’s boss at SAIC CityTime and any top guns SAIC over seeing

CityTime from headquarters al these years?

My long update from this morning... read it!

http://suzannahbtroy.blogspot.com/2011/07/saic-forbes-reports-stock-downgrade-1.html

SAIC Now Getting Full Blame? WE The PEOPLE Want a Full Refund

Bloomberg awarded a culture of failure most of all SAIC!

http://www.cheatingculture.com/daily-cheats/2010/12/21/new-details-in-citytime-corruption-case-contractor-arrogance.html

http://suzannahbtroy.blogspot.com/2011/06/saic-got-eisenhower-award-for.html

SAIC given Dwight Eisenhower for helping sub-contractors -- what for stealing....?  Hardee, har....

Why were the owners of Technodyne allowed to leave the USA and go to India?

I asked this June 3.

SAIC Getting Blamed finally.....?.???

Revised a few words

This is the line they withdrew on the nbc web page....someone got in trouble. Looks like another person at SAIC is in trouble and NBC accidentally or erroneously wrote this.

NBC BLAMES SAIC

>>>
>>> "We have developed evidence that the corruption on the CityTime project was epic in duration, magnitude and scope," Bharara said.
>>> From 2003 through 2010, investigators said officials with another firm, SAIC, also ripped off taxpayers by submitting bogus bills. One official with SAIC is accused of taking part in the massive scheme.

it now says

"We have developed evidence that the corruption on the CityTime project was epic in duration, magnitude and scope," Bharara said.

From 2003 through 2010, investigators said officials with another firm, SAIC, also ripped off taxpayers by submitting bogus bills. Two officials with SAIC are accused of taking part in the massive scheme

 but what about NYC Gov officials and their pals who allowed this to go and on for so long....and by the way the 911 Tech deal is rumored to be a 2 billion $ mess as well.

1) New Blog I created asking for a full refund of our tax payer money!!!!!!

http://bloombergrudynycgovsaiccitytime.blogspot.com/

Scroll Down for John Liu’s Press Lease!

http://www.comptroller.nyc.gov/press/pdfs/SAIC-FISA-5-2011.pdf

Before you read this get out your barf bags -- you will puke....the theory is that SAIC has been doing a lousy job and robbing us blind for a decade -- read this and you will know what a load of crap -- just as honest as SAIC’s shareholder meeting Friday which never mentioned all the NYC gov terminated SAIC contracts, indictments and the fact we may be suing SAIC to get our Money BACK!!!!!

http://suzannahbtroy.blogspot.com/2011/03/see-actual-letter-whistle-blower.html

Note!!! When you see the letter from Richard Valcich head of OPA before Bondy who reported SAIC to Dept. of Investigation you see Mike Bloomberg and Bill Thompson’s name on the letters so they knew as did the head of DOI.

http://mayorbloombergkingofnewyork.blogspot.com/2011/06/what-did-saic-know-from-costs-to-tech.html

I was emailed this:

Just head on WABC news that a ruling has come down that all, REPEAT ALL,of the money spent on Citytime - is suspect.  ALL OF IT, $ 680 MILLION.

THIS is the big one. 

To paraphrase an ancient Greek philosopher, YOU GO GIRL!!!!!!!! (I prefer the term goddess)

Sad of course....

Just ask Mayor Bloomburg to take out his checkbook

and write one, repeat, one check for $680 million to the City of New York.

Suzannah B. Troy’s response -- it was even more than that....

CityTime a flawed system and we through out a system that worked....

how about compensation?

2) What WPIX tonight and here is Channel 2’s Coverage:

http://www.nbcnewyork.com/news/local/CityTime-Payroll-Project-Fraud-Arrests-Charges-124202074.html

3)Samantha Gross of the Associated Press:

Quote

NEW YORK (AP) — Authorities say nearly all of the more than $600 million that New York City paid for a new payroll system was directly or indirectly tainted by fraud.

Prosecutors had previously said the fraud involved in the CityTime project totaled $85 million.

The new estimate came Monday as federal prosecutors and the New York City Department of Investigation announced more charges in the case.

The indictment names a Wayne, N.J.-based subcontractor, TechnoDyne LLC, and its owners. Prosecutors say they believe Padma and Reddy Allen have fled to their native India. Efforts to reach them for comment through online messages were unsuccessful.

Eleven people now have been charged. Monday's indictment alleges some of the defendants conspired to hire consultants the city didn't need. They're also accused of inflating charges and work hours.

4) http://www.nypost.com/p/news/local/more_charges_as_citytime_scandal_XZyXxCgObqtPRW6zeIs55J

CITYTIME

******************************************

NEW YORK, NY – In response to questions about today’s additional criminal charges relating to CityTime, New York City Comptroller John C. Liu issued the following statement:

“Today’s announcement unfortunately sheds more light on just how flawed the management of the CityTime project was,” said Comptroller John C. Liu. “According to the indictment ‘virtually the entirety of the more than $600 million that was paid to SAIC was tainted directly or indirectly, by fraud.’ New Yorker’s can hope that this will eventually lead to restitution for the hundreds of millions of dollars paid on an out-of-control project, years overdue and, ten-fold over budget.”

Comptroller John C. Liu’s Record on CityTime

Jan. 1, 2010	Comptroller John C. Liu takes office, and makes the elimination of fraud, waste and abuse his top priority.
Feb. 9, 2010	Rejected additional contract related to CityTime.
Feb. 25, 2010	Initiates audit of CityTime Project Oversight.
Mar. 3, 2010	Liu calls on Mayor to freeze all payments associated with CityTime; appoints new representative from the Comptroller’s Office to OPA.
Sept. 28, 2010	Liu and mayor Bloomberg announce agreement to finish installation of CityTime at no additional cost.

http://youtu.be/52tEuVY9joY 

Below my link to my very first SAIC CityTIme youtube where I demanded no renewal but a full refund!!!!!!

http://youtu.be/_Tz4eMcP2LU 

look at the date....

Please don’t forget the shocking MTA SAIC deal -- We got DiNapoli to cancel and SAIC and MTA refused to cancel it and my question is who NYC gov was involved with the MTA deal as well as many other SAIC deals and think I have some answers 

but the press is doing no reporting except indictments---just like we don’t have names of how in NYC gov got their tickets fixed by the NYPD.

Cover-ups!!!!

Heard on the street...

SAIC is ultimetly to blame for the $470 million fraud as it was the company who placed their two executives Gerad Denault and Carl Bell to head the project AND approved TECHNODYNE as the main sub-contractor.

We still have "jellybean" and at least two other SAIC managers who have yet to be charged...this by no means over.

Of the $470 million received by TechnoDyne, at least $5.6 million went to Denault, $5 million to Bell...leaving $$460 million going where ?

There is much more to this yet to come.....

SAIC

http://ireport.cnn.com/docs/DOC-205164

JellyBean is the nickname for an SAIC guy names in the Whistle Blower CNN Ireport but to date we haven not been given his real name and any info re: has he been indicted and made a deal with Preet Bharara and to date Preet has kept his name secret from us...and if he was indicted he was the 1st SAIC employee to be indicted  way before Denault was indicted but it was kept secret perhaps to protect Preet ’s investigation?

http://www.nytimes.com/2010/12/24/nyregion/24citytime.html

Did Joel Bondy testified under oath city council and if so did he commit perjury...?

SAIC Protects Itself From Citizens like me demanding more than 2.5 million dollars returned...?

http://suzannahbtroy.blogspot.com/2011/06/saic-files-form-8-k-wsecretary-of-state.html

Click on the above link to find the document I copied and pasted below text from. I am not a computer so thank you.

Statements have been issued from the City’s Office of the Mayor and Office of the Comptroller indicating that the City’s Department of Investigation would conduct a more extensive investigation regarding the CityTime contract, and that the City would withhold payment of amounts owing to the Company until the investigation was complete. In addition, these statements have also indicated that the City intends to pursue the recovery of costs associated with the CityTime program that the City’s investigation reveals were improperly charged to the City. The City has not filed any claim against the Company or otherwise requested reimbursement or return of payments previously made to the Company and the Company has not recorded any liabilities relating to this contract other than the approximately $2.5 million it offered to refund. However, there is a reasonable possibility of additional exposure to loss that is not currently estimable if there is an adverse outcome. An adverse outcome of any of these investigations may result in non-payment of amounts owed to the Company, a demand for reimbursement of other amounts previously received by the Company under the contract, claims for additional damages, and/or fines and penalties, which could have a material adverse effect on the Company’s consolidated financial position, results of operations and cash flows.