Dive Brief:

• Federal investigators have filed fraud charges against the owner company that had a steel-erection contract at the new One World Trade Center.
• The allegations are that Larry Davis, who owns DCM Erectors Inc., hired a minority-owned contractor and a woman-owned company to keep diversity requirements for the tower being built on public property, but had his own crews do the work that was supposed to go to them.
• The work also involved a transportation hub adjacent to the tower, with the steel contracts initially valued at $256 million and $330 million, respectively.

Dive Insight:

Possible wrongdoing came up in a New York Times story last fall, and investigators had been probing the deals until late last month. Davis owns two New York-based companies, including DCM, and has several more service companies in Canada.