| FOR IMMEDIATE RELEASE
THURSDAY, SEPTEMBER 23, 1993
TDD (202) 514-1888
WASHINGTON, D.C. - A New Jersey building restoration project was the victim of an illegal bid rigging conspiracy, according to the Department of Justice's Antitrust Division.
The Department said in court papers filed today that a New Jersey man rigged bids for a waterproofing and building restoration project at 520 Broad Street in Newark, New Jersey.
The Department charged Victor M. Silverman with participating in the bid rigging conspiracy with others between 1988 and October 1989. Silverman was employed by the company that managed the building.
Assistant Attorney General Anne K. Bingaman in charge
of the Antitrust Division said the charges, filed in U.S. District Court
in Manhattan, arose in connection with a grand jury investigation in
New York City into collusive practices by roofing, waterproofing and
building restoration contractors. Bingaman said this is the first case
stemming from this investigation. The investigation, being conducted
by the Division's New York Field Office, is continuing.