Bloomberg: I Share Blame for CityTime Scandal

Tuesday, Jun 28, 2011  |  Updated 9:06 AM EDT
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Bloomberg said much of the $600 million allegedly "stolen'' from the CityTime project was not spent.

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Mayor Michael Bloomberg says he didn't pay enough attention to New York City's automated payroll project, which prosecutors say was tainted with fraud.

Says Bloomberg: "Nobody paid as much attention to it as they should have -- from me on down.''

He made the comments Monday after a graduation ceremony at Gracie Mansion.     

Bloomberg said much of the $600 million allegedly "stolen'' from the CityTime project was not spent. He said the city expected to eventually recover a lot of it.     

One company and 11 people have been charged in the fraud case.

Prosecutors have said the project was "corrupted to its core.''     

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