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Contractor Is Accused of Stealing $1.2 Million From Hedge Fund by Inflating Costs

NYT – Alex Getelman was still in his 20s when he turned his nascent company into what he called “New York City’s fastest-growing general contracting and construction management firm.” He had a list of blue-chip clients, a plush office on 57th Street and a luxurious home on Long Island’s North Shore.

But in order to help pay for his castlelike stone house on 3.3 acres in Old Brookville, prosecutors charged, Mr. Getelman systematically inflated the cost of work for one of the largest hedge funds in the world, Citadel Investment Group.

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