NEW YORK, July 13 (UPI) -- The New York Port Authority's former head may have broken federal securities law by giving a rosy view of the World Trade Center project, sources say.
Former Port Authority Executive Director Anthony Shorris's statements that the rebuilding effort was on target have prompted state Sen. John Flanagan, R-Long Island, to call for a federal probe, the New York Post reported Sunday.
Shorris's successor, Christopher Ward, revealed recently that almost every aspect of the $16 billion project is behind schedule and over budget.
Last week, Ward said a memorial plaza should be ready by the 10th anniversary of the terrorist attacks that toppled the twin towers Sept. 11, 2001.
"The Port Authority acts as if they are accountable to no one," Flanagan said.
The newspaper reported delays had already cost the Port Authority more than $14 million in late fees to developer Larry Silverstein.
The Port Authority has sold $175 million in bonds to finance work at Ground Zero.
Shorris could face civil and possibly criminal prosecution if he knew his statements were untrue when he made them, a legal expert said.
"Investors are entitled to information that is fair and accurate, and if that information wasn't given, then there could be penalties imposed," the lawyer said.
