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August 5, 2014

Steel company owner arrested for fraud on the WTC project

Associated Press

NEW YORK — The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and a transit center was arrested last week on charges he defrauded a program meant to benefit minority- and women-owned businesses.

Larry Davis, 63, of Mississauga, Ontario, Canada, was freed on $100,000 bail after surrendering in Thursday afternoon.

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