ALBANY, NY (NEWS10) – SUNY Polytechnic President Alain Kaloyeros pleads not guilty to three felony counts of “combination in restraint of trade and competition”.
Kaloyeros was released on his own recognizance.
Kaloyeros is accused of steering taxpayer-funded contracts to companies he handpicked.
Alain Kaloyeros turned himself in Friday morning at Albany City Court.
Essentially, the AG is alleging that Kaloyeros rigged the bidding process for three multi-million dollar contracts by handpicking companies to do work at the SUNY Polytech facilities.
This is a process that should be fair and competitive.
The felony complaint alleges Kaloyeros had at least three separate schemes: One being a house project, which was a dormitory over on Loughlin Street in Albany. That contract was awarded to Joseph Nicolla’s Columbia Development.
That project though is financed, not by Kaloyeros, but by revenue from “room fees” paid by SUNY Polytech students.
The second scheme is related to the construction of the so called “Nanofab West Research Building”.
The complaint alleges that Kaloyeros awarded that project to a contractor who agreed to give $50 million to a non-profit organization connected to SUNY Poly.
That contractor also donated $3 million towards a research grant for SUNY Poly.
And the third scheme was allegedly with an architectural firm. Kaloyeros agreed that in exchange for the firm’s agreement to lease space in a SUNY Poly building, he would give the firm future work on SUNY Poly projects.
Joseph Nicolla is facing one count on the same charge. He’s set to appear in court on Monday.
If Kaloyeros is in fact convicted on all charges, he faces a maximum of 4 to 12 years in prison.
This story was originally published by WTEN, a Media General contributing station.