Head of Raided Tahoe company Denies Fraud
The head of a South Lake Tahoe cement company denied Friday that his firm was involved in any fraud related to government construction projects, and he’s confident that investigators who raided the business will eventually agree with him.
“This is the worst thing that ever happened in my life,” Mike Wallace of Sierra-Tahoe Ready Mix Inc. said of the raids by a dozen investigators at his home and 10 investigators at his business on Thursday. “But I showed them I didn’t give any bad concrete to anyone.”
Wallace said the investigators, led by the El Dorado District Attorney’s Office, served him with a warrant seeking many financial records, his concrete mix design documents and other materials, but left only with the mix documents, which include the formulas used in a computer program that determines exactly what goes into all batches of concrete produced at his plant. He said those mix designs are the same ones used by his main supplier, Bing Materials in Gardnerville.
Sierra-Tahoe Ready Mix has provided the concrete for many big projects on the South Shore, including the Chateu project at the California-Nevada line, several school buildings, the Aspens at South Lake affordable housing project, a Pioneer Trail improvement job and other projects in recent years. In all cases, Wallace said his materials were routinely inspected and never found to be faulty.
“They constantly test,” he said. “I haven’t had one bad test result.”
Wallace also said ... read more: http://www.tahoedailytribune.com/news/10803206-113/mix-tahoe-concrete-investigators
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