State officials say an Albany-area contractor has pleaded guilty to scamming hundreds of thousands of dollars out of minority-owned businesses and failing to pay dozens of his employees.
Attorney General Barbara Underwood said Friday that 47-year-old Michael Martin, of Latham, Mass., pleaded guilty in county courts in Schenectady and Albany to grand larceny and scheme to defraud.
Authorities say Martin ran an elaborate scheme that fraudulently obtained construction contracts for public projects while failing to pay more than $400,000 in wages to employees of Eastern Building and Restoration, his now-defunct Albany-based contracting business.
Officials say part of the scheme involved stealing the identity of two minority-owned businesses.
Martin faces up to 12 years in state prison and must pay $800,000 to the victims.
Charges against Martin’s alleged partner in the scheme are pending.
Topics Fraud New York Contractors
Was this article valuable?
Here are more articles you may enjoy.
Great American Escapes Coverage for Grocery’s Opioid Litigation Settlement 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Company at Center of Cyclospora Outbreak Complained to White House, Source Says 
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
