Slashdot Mirror
Four IT Consultants Charged With $80M NYC Rip-Off
theodp writes "It's I-told-you-so time for Slashdot commenter frnic, who smelled a crime last March after reading that New York City had dropped $722 million on its still-under-development CityTime Attendance System. Nine months later, US Attorney Preet Bharara charged 'four consultants to the New York City Office of Payroll Administration ... for operating a fraudulent scheme that led to the misappropriation of more than $80 million in New York City funds allocated for an information technology project known as "CityTime."' Three of the four consultants were also charged — along with a consultant's wife and mother — with using a network of friends-and-family shell corporations to launder the proceeds of the fraud. Dept. of Investigations Commissioner Rose Gill Hearn called it a shame that 'supposed experts hired and paid well to protect the city's interests were exposed as the fox guarding the hen house.'"
The symbol for millimetres is mm, not MM. MM would be "megamega". Dollars megamega is equally nonsensical, mind.
It's helpful for the people who use the long-scale when counting.
I live in constant fear of the Coming of the Red Spiders.
"M" is the roman numeral for "1,000". In financial contexts, "MM" means "1,000,000" (1,000 x 1,000)
There aint no pancake so thin it doesn't have two sides.
"M" is the roman numeral for "1,000". In financial contexts, "MM" means "1,000,000" (1,000 x 1,000)
Uhhh...it would seem to me that, if we are going the roman numeral route, MM means 2000 and not 1000x1000. The year is currently MMX. Does that make it year 10,000,000?