World Trade Center contractor Larry Davis found guilty of fraud scheme

Larry Davis, the owner of a company that had a billion dollars worth of construction contracts for work at the the new One World Trade Center and the transportation hub, was found guilty of wire fraud and conspiracy to commit wire fraud, reported Nate Raymond of Reuters. His company, DCM Erectors Inc., was also found guilty.

Sentencing is set for November 15, 2016. Davis plans to appeal the verdicts.

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