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Article: SEC May Be Ready to Probe Massachusetts' Big Dig Executives.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 6, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Raphael Lewis, The Boston Globe Knight Ridder/Tribune Business News
Sep. 6--More than two years after news of a $1.4-billion Big Dig cost overrun sent shock waves through Beacon Hill, Wall Street, and Washington, Securities and Exchange Commission investigators have recommended that civil complaints be filed against the Turnpike Authority and two former executives, according to state officials familiar with the case.
The recommendations by local SEC investigators could lead to federal trials for former Turnpike chairman James Kerasiotes, former project manager Patrick Moynihan, and the Turnpike, and come as the commission faces intense ...