Less than two hours after U.S. Attorney Preet Bharara wrapped up his press conference detailing a complex public corruption case against nine individuals, including now-former SUNY Poly President Alain Kaloyeros, state Attorney General Eric Schneiderman followed suit, revealing the outcome of his own – related, but independent – investigation.

The result of that probe, which, like Bharara’s, is still ongoing, was more charges for Kaloyeros, who, according to the AG, engaged in bid rigging to benefit Albany developer Joseph Nicolla, president of Columbia Development.

Schneiderman said Kaloyeros, who was once the state’s highest compensated public employee but has been suspended without pay by SUNY, and Nicolla colluded to benefit each other, the former even going so far as to provide details of a competitor’s solicitation for a lucrative state contract to the later to give him a leg up on the process six months before an RFP was officially issued.

Kaloyeros also allegedly awarded another lucrative contract to a firm that agreed to provide a nonprofit he controlled with a $50 million loan along with a $3 million research grant to SUNY Poly, the AG said, and engaged in a “collusive” agreement with an architectural firm that served to increase his own annual compensation.

Schneiderman called the actions by Kaloyeros “stupid” and “brazen” accusing them of “acting in an unrestrained way to enrich themselves.”

Kaloeryos is facing three felony counts of restraint of trade and competition and is scheduled to arraigned in Albany City Court tomorrow. Nicolla faces one count, and is scheduled to be arraigned in the same court on Monday.

If convicted on all charges, Kaloyeros faces a maximum sentence of 4 to 12 years in prison, while Nicolla faces 1.3 to 4 years in prison.

Schneiderman said he exercised the anti-trust powers afforded to him under the Donnelly Act. He said more individuals could be charged in the future, but stressed – when asked – that “there are no charges today that related in any way to” Gov. Andrew Cuomo.

Note the careful placement of “today” in that sentence by Schneiderman, who succeeded Cuomo in the AG’s office, and hasn’t always seen eye-to-eye with the governor, who even tried on his way out the door to take Martin Act power and give it to the newly created Department of Financial Services superintendent – a job created for his onetime top aide, Ben Lawsky.

You can read the AG’s complaint against Kaloyeros and Nicolla below.

Kaloyeros Nicolla – Signed Felony Complaint by liz_benjamin6490 on Scribd