By: Mark Hyman
Giant construction firmÂ Tutor-Perini had $8.5 billion inÂ revenue the lastÂ two years.Â The California-based company has received billions of dollars in public works projects at the state and federal level.
But several divisions of the company have faced fraud and improper billing allegations since the 1990s.Â A typical claim is the company underbids competition then makes up the difference inexorbitant cost overruns.
Only weeks ago, a division president wasÂ convicted of fraud and conspiracy to launder money involving contracts in New York.
Despite its sketchy history, the company continues to receiveÂ hundred million dollar deals from government.
OneÂ reason may beÂ Dianne Feinstein [D-CA].Â She’s California’s senior U.S. Senator.Â She has sat on the Senate Appropriations, Armed Services and Intelligence committees.Â Â Â She is also thewife ofÂ Richard Blum.Â Â BlumÂ owns Tutor-Perini.
Mark Hyman hosts "Behind the Headlines," a commentary program for Sinclair Broadcast Group.