Julian Development Presents Fraudulent Bond

Julian Development presents a fraudulent $50,000 performance bond to the Town of Fairfield.  No due diligence is performed to verify the bonds by Town Administration employees or First Selectman Tetreau (himself a member of the Purchasing Authority). In fact, this bond (and subsequent bonds) are not vetted by anyone at Town Hall until 2016. If any financial controls existed to protect the Town’s interests they were not applied in this instance. More than three years later, in 2016, a raid of the bond provider reveals a multi-state scheme to provide fraudulent bonds for construction projects.