Manhattan D.A. drops charges against Omnibuild over XI fraud

The Manhattan District Attorney’s office dropped its charges against Omnibuild Construction over the firm’s alleged role in an $86 million fraud scheme involving the XI condo tower.  The construction firm entered into a deferred prosecution agreement in April. As part of the deal, an independent monitor was tasked with overseeing the company for at least six months. If Omnibuild complied with the monitor, its charges would be dismissed.  The monitor recommended that the monitorship come to an end and said Omnibuild was in full compliance through its monthly reports and policies, the District Attorney’s office noted at a court appearance […]

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