Kaloyeros Pleads Not Guilty to State Charges


The former SUNY Poly president and CEO targeted by prosecutors in a wide-reaching corruption probe appeared in Albany city court on Friday.

Alain Kaloyeros pleaded not guilty to three felony charges stemming from New York Attorney General Eric Schneiderman’s investigation.

Schneiderman and U.S. Attorney Preet Bharara both announced the results of a protracted investigation into corruption involving economic-development projects in Upstate New York.

Nine people – including COR Development brass and Kaloyeros – face Federal charges in connection with a bribery and kickback scheme linked to one of Gov. Andrew Cuomo’s former top aides, Joseph Percoco.

Schneiderman announced charges for both Kaloyeros and Capital Region developer Joseph Nicolla.

Kaloyeros is charged with three felony counts of combination in restraint of trade and competition.

According to the complaint, Kaloyeros helped funnel contracts to particular companies.

If convicted on the state charges, he could face up to four to 12 years in prison.

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