Former Brooklyn Attorney Indicted for Real Estate Fraud in Connection With Four Properties Valued at Nearly $2.3 Million
FOR Fast Release
Wednesday, January 18, 2023
Previous Brooklyn Lawyer Indicted for Authentic Estate Fraud in Connection With 4 Houses Valued at Practically $2.3 Million
Scheme Qualified Households in Foreclosure in East Flatbush, Canarsie, East New York And Ocean Hill Defendant Allegedly Gathered $63,995 in Hire
Brooklyn District Lawyer Eric Gonzalez these days introduced that a disbarred Brooklyn attorney has been arraigned on an indictment in which he is billed with thieving the deeds to four attributes, 3 of which were in foreclosures, for a total of approximately $2.3 million by defrauding home owners, most of whom thought he was negotiating a short sale on their behalf.
District Lawyer Gonzalez claimed, “This defendant allegedly defrauded distressed owners when he stole the titles to their households while pretending to help them, and we are fully commited to holding him accountable. Because persons want to dwell in Brooklyn, scammers continue on to goal homeowners, and I really encourage each house operator to acquire measures to guard them selves.”
The District Lawyer determined the defendants as Sanford Solny, 65, of Midwood, Brooklyn, Albany Ave Realty Inc., East 100 St Realty Inc., Enjoyable Pl. Realty Inc., and Bear Realty & Management Corp. They were arraigned now just before Brooklyn Supreme Court Justice Danny Chun on an 8-count indictment in which they are variously billed with 1st-degree and 2nd-degree prison possession of stolen home, very first-diploma scheme to defraud, and second-diploma grand larceny. Solny was unveiled with out bail and requested to return to court docket on March 22, 2023.
The District Attorney mentioned that, according to the investigation, in between October 2012 and December 2022, the defendant, an lawyer whose license to practice legislation was suspended in April 2012 and who was disbarred on January 5, 2023, allegedly engaged in a genuine estate fraud scheme to steal deeds, possess these properties, and economically advantage from four residential qualities in Brooklyn, concentrating on victims who owned properties that were being in foreclosures.
It is alleged that different men and women, which includes unlicensed brokers, contacted the victims and referred them to the defendant to negotiate a limited sale, i.e., marketing the property to an individual else less than terms communicated to and authorised by a loan company. In trade, the financial institution would then drop the foreclosure action and forgive the financial loan amount of money owed.
The defendant allegedly achieved most of the victims at his business office in Borough Park where by he both falsely advised them that they ended up needed to indicator their deeds about to him for the defendant to commence a quick sale negotiation on their behalf or experienced the victims indicator paperwork that the defendant claimed were being part of the shorter sale course of action but, unbeknownst to them, actually relinquished possession of their home to the defendant.
The indictment prices the defendant with crimes involving the next just one- and multi- family properties with a total latest worth of approximately $2.295 million:
- 1247 Albany Avenue in East Flatbush
- 1429 East 100th Avenue in Canarsie
- 1100 Sutter Avenue in East New York
- 10 Enjoyable Location in Ocean Hill
In most conditions, the defendant allegedly paid the owner’s cost, ranging from $350 to $10,000, for transferring the assets to him or to numerous corporations he managed. In some conditions, the defendant allegedly instructed the victims that the loan companies preferred or required that the householders vacate the house for the quick sale to arise.
In excess of the years that the defendant claimed to be in negotiations, when victims asked him about the negotiations or feasible revenue, he allegedly offered an array of excuses and explanations.
The defendant allegedly collected at least $63,995 in rent from tenants he introduced in or present tenants at 3 of the qualities the victims transferred to him. As document owner, if any of the attributes have been to be sold, the defendant would also advantage from the raise in value accrued around the very last many several years.
As a end result of the defendant’s alleged fraudulent plan, the victims shed their houses and likely rental money. In addition, their credit score scores and capability to obtain new loans swiftly deteriorated as most of the foreclosures remain lively.
The District Lawyer supplied the pursuing suggestions to property owners to defend by themselves:
- Make absolutely sure the NYC Dept. of Finance has the right tackle to get house notices.
- Designate a trustworthy loved ones member or mate to obtain notices if you are not able.
- Sign-up with the NYC Office of Finance to get automatic notifications regarding any alterations to your deed or house documents.
- Never ever indicator any agreement you do not have an understanding of.
- For extra data stop by http://brooklynda.org/deedfraud/
The circumstance was investigated by Detective Candido Salgado of the KCDA New York City Law enforcement Office Squad. Supervising Fiscal Investigator Deborah Wey, of the District Attorney’s Investigations Division, assisted in the investigation.
The District Lawyer thanked the New York City Office of Finance and the New York State Section of Economical Companies for their aid in the investigation.
The case is staying prosecuted by Senior Assistant District Lawyer Joseph DiBenedetto, of the District Attorney’s Frauds Bureau and Assistant District Lawyer Gregory C. Pavlides, Main of the Frauds Bureau, beneath the supervision of Assistant District Legal professional Michel Spanakos, Deputy Main of the Investigations Division, and the all round supervision of Assistant District Legal professional Patricia McNeill, Chief of the Investigations Division.
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An indictment is an accusatory instrument and not evidence of a defendant’s guilt.
