Another Fraud And Kickback Scheme Discovered

A fraud and kickback scheme involving a New York City contract has cost three executives their jobs at Science Applications International Corp. SAIC's CEO, Walt Havenstein, called their actions an "affront to everything SAIC stands for," The Washington Business Journal reports. At issue is the CityTime project for New York City. The project was supposed to cost $63 million back in 1998, but the costs ballooned to more than $600 million. The Wall Street Journal reports that prosecutors have called the project an international conspiracy, The Wall Street Journal reports.