Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
$26 Million in Stolen CityTime Money Seized
By
Garth Johnston
Published Jan 12, 2011
Modified Jan 12, 2011
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Garth Johnston
Published Jan 12, 2011
Modified Jan 12, 2011
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Well, we guess this is good news. Remember how the city seems to have had $80 million stolen from its bloated $722 million dollar CityTime budget? While the theft continues to be one of the bigger scandals to hit the Bloomberg administration (snow or no) at least all of that cash doesn't appear to be gone for good. The city's Department of Investigation and the feds have already seized $26 million from bank accounts connected to the six defendants in the scheme.
DOI investigators got the dough from all over, including banks under in the defendants own names as well as accounts created in the names of their children and shell corporations. Of course, everything seized was taken after the DOI "documented the flow of money in and out of the relevant accounts to identify funds tainted by the scheme," according to a statement. They also got more than $1 million out of safe deposit boxes in the defendants names.
Of course, some of the cash is going to be harder to get back, what with it being in accounts "as far away as Latvia."
Meanwhile, if you are looking for a good review of the entire case so far, check out Graham Rayman's epic recap in this week's Voice which digs up some interesting wrinkles in the story, like the fact that the DOI had actually investigated the CityTime project in 2007...
Tagged
citytime
citytime scam
department of investigation
Garth Johnston
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NY Archdiocese will soon settle $800M clergy sexual abuse claims
The deal would compensate over 1,300 alleged victims and help the church avoid bankruptcy.
By
Arya Sundaram
Published Oct 24, 2026 at 6:31 p.m. ET
Chinatown residents file lawsuit against after-hours construction on new 'mega jail'
Residents cite sleep disruption and dust-induced illness from nearly ‘round the clock’ construction.
By
Arya Sundaram
News
Chinatown residents file lawsuit against after-hours construction on new 'mega jail'
Residents cite sleep disruption and dust-induced illness from nearly ‘round the clock’ construction.
By
Arya Sundaram
Peepapalooza: NYC is heading to the Hudson Valley to watch the leaves
By
Elizabeth Shwe
and
Sean Carlson
NYPD: Officer shot, injured knife-wielding woman during ‘chaotic’ night at Queens home
By
Ryan Kost
3 slates vying to run Jersey City school board as city stares down major tax hikes
By
Michael Sol Warren
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .