John Galt Agent Gets Prison for Deutsche Bank Fraud


When the city allowed Bloomberg pals Bovis Lend Lease to pick contractors to take down the Deutsche Bank building, which was contaminated by the 9/11 terrorist attacks, they got some lulus. John Galt Corp, named for the Randian superman, made a botch of the job, and its purchasing agent Robert Chiarappa, was indicted for stealing $1.2 million from the Lower Manhattan Development Corp, which owns the building, and from its own bonding company. Chiarappa filed bogus invoices for undone work and undelivered items to LMDC before the Deutsche Bank fire, and to the bonding agent, Arch Insurance Group, afterwards. Chiarappa, an alleged Gambino family associate, was accused of using the money to pay personal bills, lease cars, and take vacations.

Chiarappa was found guilty and today sentenced to 2 1/2 to 7 1/2 years. He could have gotten 15 years. He had nothing to say at his sentencing. Galt exec Mitchell Alvo and others will be tried later on related charges.