On December 20, 2023

Ludlow businessman arrested in NYC for alleged fraudulent construction contracts scheme


By Katy Savage

A Ludlow businessman was arrested Thursday, Dec. 14 in New York City on federal charges for unlawfully securing commercial construction contracts. 

Troy Caruso, 56, owner of multiple businesses in Ludlow and the CEO of a New York City-based construction firm, McAlpine Contracting, faces one count of conspiracy to commit honest services wire fraud and one count of honest services wire fraud, each carrying a potential maximum prison sentence of 20 years.

Caruso bought a second home in Ludlow about 13 years ago and quickly began acquiring businesses around 2021. First, he purchased the former Okemo Valley Golf Club for $2.71 million and renamed it Fox Run. He then bought a slew of restaurants, including Calcutta’s, LaTavolta, Off the Rails, Sam’s Steakhouse and Mr. Darcy’s. He also owns the former Tater Hill Golf Club in Chester. Caruso said in previous interviews he planned to demolish Sam’s Steakhouse and Mr. Darcy’s after both were damaged in July flooding. 

The charges allege Caruso was involved in a kickback scheme with business partner John Nolan, a senior executive at McAlpine Contracting. 

The U.S. Department of Justice alleges the duo bribed a senior project manager at a Fortune 500 commercial real estate firm between February 2021 and September 2023. Caruso and Nolan paid $15,000 to an intermediary to connect them with the real estate firm employee around March 2021. Caruso’s company then reportedly secured a $3.55 million construction contract for a health services business after manipulating the bidding process. Caruso and Nolan paid the real estate firm employee $35,500 in bribes and $33,000 in kickbacks.  

Most transactions, according to the DOJ, were conducted in cash at various locations around New York City. 

Both Caruso and Nolan appeared in the U.S. District Court for the Southern District of New York on Thursday, Dec. 14. Caruso was represented by high-profile criminal defense attorneys Marc Agnifilo and Teny Geragos. Agnifilo, known for his work with notable figures like Martin Shkreli. 

Caruso was released on a $10 million bond, while Nolan was released on a $1 million bond, according to court records. 

Attempts to reach Caruso and Nolan and their attorneys weren’t successful. 

Caruso grew up on Long Island, New York and started working at a demolition company out of high school. He started his own construction business in the mid 1990s.  Caruso planned to invest far more in the Ludlow community, including luxury senior housing units and a hotel.

“Fox Run has plans for two subsequent phases of expansions to develop the 120 unimproved acres on the property,” Caruso told the New England Real Estate Journal in 2021. “An upscale senior living complex, with a preliminary budget of $25 million, will be constructed in Phase II, while Phase III will include the construction of a $15 million hotel.”

The investigation, led by Task Force Officers from the Public Corruption Unit of the U.S. Attorney’s Office for the Southern District of New York, received assistance from the FBI. 

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Large turnout for Hartland school budget info session

May 23, 2024
By Curt Peterson The May 21 Hartland school budget information session may be the best-attended school board gathering in recent history — an estimated 40 people attended in person at Damon Hall in Hartland, and another 41 tuned in online. Hartland voters had already approved the $11,040,567 budget 320-311 on April 2. But a petition…

20 degrees above average: May temps soar

May 22, 2024
By Erin Petenko/VTDigger Vermont is forecast to hit temperatures in the upper 80s Tuesday and Wednesday, far above normal for this time of year, the Vermont branch of the National Weather Service reported on Monday, May 20. Parts of the state, particularly the Champlain Valley down to Rutland in the west and the Connecticut River Valley regions to…

Gov. Scott vetoes bill that would’ve restricted bee-killing pesticide

May 22, 2024
Staff report On Monday, May 20, World Bee Day, Gov. Phil Scott vetoed legislation meant to protect bees and other pollinators from a widely-used neuorotoxic pesticide. The bill (H.706) would  eliminate most uses of neonicotinoid pesticides (neonics) in Vermont, which have been associated with alarming losses of managed and wild bee populations. Neonic insecticides are used on…

Piper takes on 10 marathons in 10 days, for charity

May 22, 2024
By John Flowers Salisbury’s Chip Piper will have run more during the next 10 days than most of us will run in a year. And he’ll be doing it for an important cause. Piper on Thursday, May 16, began running the first of 10 consecutive marathons in 10 days — a staggering 262 miles —…