A Manhattan-based father and daughter construction team allegedly cheated subcontractors and a client out of more than $800,000.
Anthony Rotondaro, 59, and his daughter Jamie Rotondaro, 32, were charged Wednesday with failing to pay subcontractors for more than $328,000 worth of work performed on six projects throughout the city, Manhattan District Attorney Cyrus R. Vance Jr. said in a statement. The Rotondaros, as well as their companies, Reniss Contracting and Janic Construction, were indicted on multiple counts of grand larceny.
From June 2014 through March 2015, the father and daughter duo bilked 11 companies out of $328,000 in payments for work completed on six projects in the city, Vance said. The projects included William Macklowe’s 156 William Street and 386 Park Avenue South, and 126 East 56th Street, formerly owned by Harry Macklowe. The two also allegedly misappropriated $428,000 from a client, who had made payments in advance on two separate projects. They are also accused of stealing more than $18,000 in 401(k) contributions made by an employee between April 2012 and April 2014.
If convicted, the Rotondaros could face up to 15 years in prison. — Kathryn Brenzel
Source: The Real Deal