DISTRICT ATTORNEY VANCE ANNOUNCES INDICTMENT OF LEHR CONSTRUCTION AND KEY EXECUTIVES IN MULTIMILLION-DOLLAR FRAUD
SEE UPDATE TO THIS STORY Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of LEHR CONSTRUCTION CORP. (LEHR), a Manhattan-based construction company, and four of its executives for a scheme that defrauded their construction management clients of at least $30 million over the past decade. The company and its executives - Executive Vice-President and Director JEFFREY LAZAR, Executive Vice-President in charge of Operations TODD PHILLIPS, Finance Director STEVEN HALPER, and Chief of Estimating Department and Cost Control STEVEN WASSERMAN - are charged with Enterprise Corruption, Scheme to Defraud, and Grand Larceny. In addition, LEHR and HALPER are charged with Money Laundering.[ 1 ] LEHR is a Manhattan-based construction company paid by its clients to oversee interior renovation construction projects, acting in the capacity of either a general contractor (“GC”) - in which case it was paid a flat “lump sum” fee - or as a construction manage...