Gerard Leaonrd Roy, Fraudulent Bonding Applications, Minnesota 2015
Gerard Leaonrd Roy, a construction contractor, has been indicted for making fraudulent bonding applications to win government contracts in Minnesota. According to the indictment, Roy used his construction companies to fraudulently obtain and attempt to obtain government contracts by submitting false bid documents and creating phony bond documents.
The indictment alleges that Roy and his companies, including RSI Associates, Inc., Restoration Specialists, Inc., and others, bid on construction contracts offered by public and quasi-governmental organizations, including the City of Minneapolis and Washington County. Roy allegedly used the companies to fraudulently obtain construction contracts worth at least $3 million and caused losses to clients, subcontractors, and others of at least $700,000.
“Competitive bidding for government contracts requires all companies to play by the rules,” said U.S. Attorney Andrew M. Luger. “This defendant is charged with gaining an unfair advantage by breaking those rules, failing to meet his obligations and then trying to reap a windfall by declaring bankruptcy. The white collar section in the U.S. Attorney’s Office and our partners in law enforcement will continue to investigate and disrupt fraudulent business practices.”
The indictment charges Roy with fraud, money laundering, and concealing assets in anticipation of filing for bankruptcy. Roy is accused of using the various companies to fraudulently obtain and attempt to obtain government contracts.
The indictment and documents filed in court reveal that between 2010 and February 2015, Roy owned and operated at least seven construction companies. Roy allegedly used the companies to bid on construction projects and submitted false bid documents to secure the contracts.
According to the indictment, Roy created phony bond documents, including surety bonds, to make it appear as though he had purchased insurance to guarantee the completion of the construction projects. In reality, Roy had no such insurance and was ineligible to bid on the projects.
Gerard Leaonrd Roy, a construction contractor, is charged with fraud, money laundering, and concealing assets in anticipation of filing for bankruptcy. Roy used his construction companies to fraudulently obtain and attempt to obtain government contracts in Minnesota. The indictment alleges that Roy caused losses to clients, subcontractors, and others of at least $700,000.
The exact date of the indictment is not specified in the source, but the case is related to events that occurred between 2010 and February 2015. The outcome of the case is currently pending.
Key Facts
- State: Minnesota
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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