A New York-based real estate developer was sentenced to six years in prison on Thursday for running a years-long scheme to defraud investors of $58 million, the U.S. Attorney’s Office for the Southern District of New York announced.
Source: Inman News
NY developer sentenced to 6 years in prison for fraud
More from fraudMore posts in fraud »
More from Industry NewsMore posts in Industry News »
- CoStar Group tallies Q1 revenue growth on success of Homes.com
- UHM revamps leadership team to support growing national footprint
- Will lawsuits end 6% commissions? Probably not, 1 law professor says
- Leo Pareja tapped as eXp Realty’s new CEO, relieving Glenn Sanford
- Ohio multiple listing service MLS Now appoints new CEO
More from News BriefMore posts in News Brief »
More from Ponzi schemeMore posts in Ponzi scheme »
More from RegulationsMore posts in Regulations »
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Proptech investment is way down — but these 4 areas still see demand
- Industry gets some clarity on mortgage commission rules
- UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks
- Nation’s largest mortgage lender shorted by Park Avenue hedge fund
Be First to Comment