April 13, 2017- The corrupt Port Authority ran the 1 WTC construction project. The Post reports, “A Queens contractor with alleged mob ties admitted Wednesday to hiding his company’s organized crime connection in order to win the lucrative 1 World Trade Center contract.
Vincent Vertuccio now faces up to 37 months in prison after copping to filing doctored tax returns and obstructing an investigation into the scheme to defraud the Port Authority of New York and New Jersey in connection with the $11.4 million project.
The 61-year-old has purported ties to the Bonanno crime family, according to federal court documents.
He allegedly hid much of his initial $1.5 million payout in his mother’s bank account, then used the funds to pay for his daughter’s house. As a result, his company was unable to meet its obligations at 1WTC and was terminated from the project.
The Maspeth builder, of Crimson Construction Corp., will also have to pay as much as $1 million in fines and some $1.4 million in restitution to the Port Authority and the IRS following his guilty plea.
Vertuccio had faced up to 20 years behind bars before cutting the plea.”