Former SUNY Poly President Alain Kaloyeros has been released from federal prison nearly four years after his conviction in the Buffalo billion dollar scandal that tainted the legacy of the disgraced ex-governor. Andrew Cuomo.
Prison records show that Kaloyeros was released on Saturday July 2 along with three other men – Joseph Geraldi, Steven Aiello and Louis Ciminelli – who were implicated in an infamous plot to manipulate an economic development championed by Cuomo.
Kaloyeros is said to have sacrificed his own reputation to win favor with the once-all-powerful Cuomo, who resigned last year amid multiple scandals.
“By manipulating the bidding process, these men effectively corrupted the bidding process to ensure companies in which they had a financial interest would get the lucrative work,” said then-US Attorney Geoffrey Berman of the Southern District of New York the time.
Kaloyeros, who could not be reached for comment at the time of publication, was sentenced to three and a half years in prison in 2018 after being convicted of conspiracy and two counts of wire fraud earlier in the year.
After complaining about health issues, he postponed his serving time until last February, meaning he will have served just a few months of his sentence if his recent release holds up.
https://nypost.com/2022/07/06/alain-kaloyeros-released-from-prison-after-buffalo-billion-conviction/ Suny Poly’s ex-Prez, Alain Kaloyeros, released from federal prison