SAIC CityTIme Pulls a Bloomberg Gill Hearn See No Evil

SAIC back peddling SAIC shoveling manure like Bloomberg and arrogant 1 percenters NYC...... SAIC  blames Denault scapegoat -- as if the Richard Valcich letter Feb 2003 exposes SAIC's corrupt dis of NYC Gov.

From link below:
"SAIC’s most serious woes last year stemmed from its troubled $635 million CityTime contract, a program to build a new timecard system for New York City. The effort was already behind schedule and over budget when two SAIC employees and several personnel of an SAIC subcontractor were caught running an overbilling, bribery and kickback conspiracy. 

Ultimately, SAIC agreed to pay a $500.4 million in fines to settle the case and to allow an outside monitor to keep tabs on its operations.  Company officials have reacted by implementing a number of policy and process changes, including enhancements to employee training and its ethics program and a corporate-level initiative that will automatically identify and review programs for fraud or corruption risk. 

In spite of the turmoil, the contracting giant continued to perform at an impressive level in the federal space in 2011, earning $5.9 million in prime contract dollars and landing at No. 4 on Washington Technology’s list of Top 100 Federal contractors. 

“Certainly, this has been a time in our history that we’d like to move beyond because we are a company with a long tradition and a history of people focused on always doing the right thing, and now we’ve had a few bad apples really destroy a good part of our reputation,” said Shea, who was promoted from president of the Intelligence, Surveillance and Reconnaissance Group to COO earlier this year."

The bad apples were  SAIC pre- Gerald Denault --  not stating from the get go CityTime was a flawed system destined for the dumpsters but SAIC in my opinion was robbing us before Denault just like SAIC robbed tax payers on FBI Trilogy system that ended being filed in the dumpster. 


Mike Bloomberg and SAIC = convenient amensia!

 SAIC time to take responsiblity and US Attorney re-do the indictment.

 "Certainly, this has been a time in our history that we'd like to move beyond because we are a company with a long tradition and a history of people focused on always doing the right thing, and now we've had a few bad apples really destroy a good part of our reputation, said Shea, who was promoted from president of the Intelligence, Surveillance and Reconnaissance Group to COO earlier this year.

 "William Loomis, managing director of Stifel Nicolaus, agreed that this episode will only be a bump in the road for SAIC, since the company moved so aggressively once the problem was uncovered and has taken steps to ensure that it doesn't happen again. I do not think the CityTime will impact SAIC's competitive position in the market, Loomis said." SAIC ranked No. 4 on 2012 Top 100 http://washingtontechnology.com/articles/2012/06/11/top-100-saic.aspx?m=1


HEY WHAT ABOUT THE FBI SAIC TRILOGY FAILURE THAT COST TAX PAYERS A FORTUNE.....NOT DENAULT BUT TAX PAYERS ROBBED BY SAIC
AND GUESS WHAT  CITYTIME LIKE TRILOGY !!


Hey Gerald Shargel -- you and I don’t agree on a lot -- like I do not think our justice system works but what do you think about this trial -- the trial of the next century?

I am an artist and my artistic view is another corrupt deal allowing all the top officials NYC gov and SAIC off the hook.


http://nyciloveyoubigtime.blogspot.com/2012/05/suzannah-b-troy-reads-valcich-letter.html

Preet Bharara time to go back in time and re-do the CityTime indictment!

Funny how shareholders agree with me suing top SAIC officials.

Funny no NYC gov officials held accountable!


http://suzannahbtroy.blogspot.com/2012/04/citytime-saic-scandal-3rd-mega-law-suit.html

http://suzannahbtroy.blogspot.com/2012/06/suzannah-troy-beat-every-newspaper.html