NEW YORK CITY (WIVB) - The founder of the SUNY Polytechnic Institute, Alain Kaloyeros, and three co-defendants have been found guilty on all counts in the Buffalo Billion corruption trial.
The trial centered around highly lucrative state construction bids, which the government claims were fixed and tailored to fit COR Development in Syracuse and LP Ciminelli in Buffalo.
Closing arguments began Monday and wrapped up Tuesday.
Wednesday, six male and six female jurors began deliberations in the wire fraud and conspiracy case against Buffalo developer Louis Ciminelli, Syracuse developers Joseph Gerardi and Steven Aiello, and the founder of SUNY Polytechnic, Dr. Kaloyeros.
All four men were accused of wire fraud and conspiracy to commit to wire fraud. Additionally, Joseph Gerardi was accused of lying to federal officials.
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