Mr. Perciavalle pleaded guilty to entering into a conspiracy with co-conspirators, between June 2004 and Sept. 2005, to rig bids on maintenance and insulation services contracts at Mount Sinai by submitting intentionally high, non-competitive bids to make it appear that there had been competition for the contracts when, in fact, there had not been.
Mr. Perciavalle also pled guilty to engaging in a mail fraud conspiracy between March 2003 and Sept. 2005 in which he awarded work to a co-conspirator’s company at the same time he asked for and received cash kickbacks totaling at least $20,500 from the co-conspirator. Mr. Perciavalle also pled guilty to mail fraud as a result of payments mailed by Mount Sinai to the co-conspirator for work done on the rigged contracts, according to the release.
Mr. Perciavalle faces up to ten years in prison and a $1 million fine for the bid rigging charge as well as up to 20 years in prison and a $250,000 fine for each mail fraud charge.
Read the DOJ news release on Mario Perciavalle.
Read more coverage on hospital executives committing fraud:
– Senior Director of UMass Hospital System Sentenced to Two Years in Prison for Embezzling $2.5M
– Former Executive of Hospital Management Company Faces Fraud Charges
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