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Published: Sun, September 25, 2016
Global Media | By Abel Hampton

University president appears in court in NY corruption case

University president appears in court in NY corruption case

Attorneys for Percoco and Kaloyeros say they're innocent.

Nine people - including COR Development brass and Kaloyeros - face Federal charges in connection with a bribery and kickback scheme linked to one of Gov. Andrew Cuomo's former top aides, Joseph Percoco.

Kaloyeros showed up on time for a 9 a.m. arraignment accompanied by his attorney, ignoring reporters' questions as he entered the city court building....and ignoring them again on his way out to a waiting vehicle.

Kaloyeros was released on his own recognizance.

According to the complaint, Kaloyeros helped funnel contracts to particular companies.

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Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

In one instance, Kaloyeros is accused of giving advance notice to Columbia Development to prepare for a bidding process on student housing for SUNY Polytechnic Institute.

The AG says the 60-year-old Kaloyeros emailed the RFP for the dormitory project to 59-year-old Joseph Nicolla, president of Columbia Development, a full month before it was even issued. Kaloyeros agreed that in exchange for the firm's agreement to lease space in a SUNY Poly building, he would give the firm future work on SUNY Poly projects.

If Kaloyeros is in fact convicted on all charges, he faces a maximum of 4 to 12 years in prison. We're going to cooperate 100 percent with the USA attorney.

Both facilities were mentioned in the criminal complaint unsealed by Bharara on Thursday. He has been at the head of the nanotechnology program in Albany since its inception.

"SUNY will review the charges against Dr. Kaloyeros and cooperate fully with prosecutors on any further action as state and federal investigations continue", SUNY Chancellor Nancy Zimpher and Chairman Carl McCall said in a joint statement. "Justice will be sure and justice will be swift", Gov. Cuomo said. He's set to appear in court on Monday.

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