Getty Josh Altman of "Million Dollar Listing" poses at a showing. 19 (citing Ind. Many of these homes were located in economically challenged areas of New York where affordable housing is at a premium.. 's Mot.,, Docket Entry No. Aronov: Company Services Retail Commercial Residential Resorts Third Party Management Insurance 3500 Eastern Boulevard, Montgomery, AL 36116 Mailing Address: P.O. iskyo aronov million dollar listing patton development company. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. In support of his motion to dismiss the Indictment, Herskowitz argues that it provides constitutionally insufficient notice of the conduct for which the Government seeks to hold him criminally liable. Ryan Serhant, of Million Dollar Listing New York fame, was the broker on at least one of DAlessios projects. (quoting United States v. Coffey, 361 F.Supp.2d 102, 111 (E.D.N.Y. (Ind. 271 Cadman Plaza East
The Indictment identifies Herskowitz as "a real estate attorney who assisted the Short-Sale Co-Conspirators in completing certain fraudulent short sale transactions originated by both MIP and Exclusive Homes." 2.6 1491. See Raniere, 384 F.Supp.3d at 300 ("[Arguments which concern the sufficiency and/or truth of the allegations in the [c]omplaint, raise factual questions not appropriate for decision on a pretrial motion to dismiss." (Id. Two of them also were released on bond, including Michael Herskowitz, a 40-year-old Brooklyn lawyer. (Id. 's Reply 1-2 (citing Ind. Under HUDs Pre-Foreclosure Sale Program, qualifying homeowners with defaulted, FHA-insured mortgages may sell their properties in a short sale for less than the balance of the mortgage if the sale is for the fair market value of the property. (Id.) 1; Grand Jury Investigation Covering Mem., annexed to Ind. Dog Owner? As a further part of the scheme, the defendants provided the mortgage lenders and servicers with false and misleading information in transaction documents and failed to disclose either payments made to the borrower and others related to short sale or contemporaneous agreements to transfer the properties at inflated prices. Date of Arrest or Surrender: 9/9/19. Aronov Insurance also offers personal insurance lines that include coverage for home, renter, auto and life. ("Gov't Opp'n"), Docket Entry No. Their Home Was In Foreclosure. He was sentenced to six years in federal prison and will begin serving time by June 5. Lock 14.) In some cases, homeowners said the investors got them to sign over the deeds to their homes before the sales went through, claiming it was a normal part of the short-sale process. The Indictment alleges that Herskowitz engaged in conspiracies to defraud lenders and certain borrowers (collectively, the "Short Sale Victims") "by providing them with false, misleading, and incomplete information to induce them to execute short sales at fraudulently depressed prices, causing losses to the lenders and, at times, the borrowers" (the "Short Sale Schemes"). Lisa Riordan Seville is an independent reporter based in Brooklyn, New York. Ryan Serhant recently spent a whopping $2.6 million in renovations on his new family townhouse in Brooklyn. The case is being handled by the Office's Business and Securities Fraud Section. See United States v. Velastegui, 199 F.3d 590, 592 n.2 (2d Cir. BuzzFeed News linked the group to nearly 240 homes. A pal of DAlessios told The Post that the developer, now 53, paid his driver to chauffeur a friend, who was too injured to fly, from Colorado to New York. U.S. Attorney's Office, Eastern District of New York, Defendants Allegedly Engaged in a Scheme to Purchase Real Estate at Fraudulently Depressed Short Sale Prices Resulting in Millions of Dollars in False Claims Submitted to HUDs FHA Mortgage Insurance Program, United States Files Civil Fraud Suit Against Three Individuals and Multiple Real Estate Companies Alleging Mortgage Fraud Scheme, Owner of Brooklyn-Based Credit Counseling Business Indicted for Defrauding Clients, , , , Former Owner and Executive at Long Island Mortgage Lender Sentenced to 24 Months' Imprisonment for $8.9 Million Fraud. 's Reply") 2, Docket Entry No. Under the FCA, private citizens with knowledge of fraud against the government can bring a lawsuit on behalf of the United States and share in the recovery. ADVERTISEMENT. Two of them also were released on bond, including Michael Herskowitz, a 40-year-old Brooklyn lawyer. He paid a $281,000 settlement in the Florida case and pleaded guilty to a disorderly conduct violation in the second. (718) 254-6323. According to the indictment, between December 2012 and January 2019, the defendants conspired to defraud mortgage lenders, misleading them into approving short sale transactions at fraudulently depressed prices. 's Mot. The L.A.-based realtors have been brutally fighting with one another for 10 seasons on Million Dollar Listing Los Angeles, but after years of watching their arguments disrupt parties, cause. Share sensitive information only on official, secure websites. [That] should have been a red flag, one real estate pro told The Post of the high-risk gamble. 19-CR-0408,, Full title:UNITED STATES OF AMERICA, v. ISKYO ARONOV, MICHAEL KONSTANTINOVSKIY, TOMER, Court:UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK. The complaint details 10 times between 2013 and 2016 that the men Iskyo Aronov, RonBorovinsky and Michael Konstantinovskiy preyed on homeowners hoping to avoid foreclosure by setting up fake "short sales" of their homes through a federal program. 2005))); Coffey, 361 F.Supp.2d at 111 ("[T]he validity of an indictment is tested by its allegations, not by whether the Government can prove its case." Love Brooklyn? 2004) (defining wire fraud). If that property cant be easily forfeited for instance, if a house has been resold theyll have to give up other assets. 19)), and that although "the [Government will present evidence explaining how [Herskowitz's] conduct is part of the charged crimes [at trial]," the Indictment is not required to provide the Government's evidence or specify the facts the Government plans to use to establish his guilt, (id.). 36-39), Count Four (wire fraud in furtherance of the MIP and Exclusive Homes Schemes), Count Six (wire fraud in furtherance of the Exclusive Homes Scheme), and Count Seven (wore fraud in furtherance of the MIP and Exclusive Homes Schemes), (see Id. But all that largesse may have been a means to a selfish end. As alleged, these defendants fraudulently obtained homes at depressed prices at the expense of a taxpayer-funded program designed to assist borrowers seeking the American Dream of home ownership, stated Acting U.S. Attorney Seth DuCharme. According to prosecutors, DAlessio was charged with funneling some $58 million money that should have been used for renovations through a network of more than 200 bank accounts. In turn, HUD paid the lenders claims for FHA insurance from federal funds. 2013) (quoting United States v. De La Pava, 268 F.3d 157, 162 (2d Cir. Further, with respect to 1219 Jefferson Avenue, "the only mention of [him] is that he participated in the closing by wiring the loan payoff amount to the servicer's bank account," (id. BuzzFeed News found at least 12 lawsuits in which borrowers said they had been deceived by the group. 16 (citing United States v. Gabriel, 920 F.Supp. 2019) ("[T]he court must assume that the [i]ndictment's allegations are true for the purposes of a motion to dismiss.'" 18. United States Attorneys Office Finally, the Court rejects Herskowitz's argument that Count One should be dismissed because he is not consistently identified as "one of those involved in the MIP Scheme." 1.1 196. Assistant United States Attorney Shannon C. Jones is in charge of the prosecution. Fax Line: 718-254-7508. 19.) Aronov appeared in court in Miami and his bond was set at $500,000, according to court papers. Under the FCA, private citizens with knowledge of fraud against the government can bring a lawsuit on behalf of the United States and share in the recovery. 27-33. Likewise, Herskowitz argues that he is wrongly "charged in Count Six - the substantive wire fraud count relating to the 177 Lewis Avenue sale - even though the factual portion of the Indictment indicates that he was not involved in that sale." In the process, they made a host of material misrepresentations in critical transaction documents. As for Steve Gold, the realtor set a brand new Husdon Yards . Prosecutors described a Ponzi scheme in which DAlessio used money from new investors to pay off established ones. With regard to Counts Two, Four and Seven, Herskowitz contends that "the Indictment alleges only that [he] wired payoff and/or proceeds funds at the closing after all the arrangements for the sale had been made by others," but does not indicate that "he participated in or even that he was told of the short sale arrangements - instead, the allegations are that he simply showed up at the closing and conducted funds transfers as any closing agent would." David Noel Kelley (212) 698-3500. 1970), cert, denied, 402 U.S. 953 (1971)), and there is no express contradiction between the Indictment's broader allegations regarding Herskowitz's involvement in the MIP Scheme and the factual allegations in support of this larger claim. Many fans have already claimed that they won't be tuning into the show now that he is gone. The Government is not required in the Indictment to present the evidence through which it will prove Herskowitz knowingly conspired to facilitate the MIP Scheme when he assisted in the relevant short sale transactions. bishop mclaughlin catholic high school calendar; misterio quartz with white cabinets; pet friendly rentals in belgrade, mt; 24 June 2022 ~ how much does scott d henry make on tiktok. Her work has appeared on NBC News shows, NBCNews.com, The Guardian, The Nation and Vice, among other outlets. 1083 LAFAYETTE AVE. LLC. (Id. See which Bravo real estate agents are returning for more high-stakes drama in the newly released season 14 trailer. (citing United States v. Wey, No. An official website of the United States government. It's no secret that Josh's wife is incredibly successful when it comes to real estate, but there is one thing . Miami, Florida, Michael Konstantinovskiy (also known as Michael Kay) Historical queries, urban legends, clarification on rumors let us do the research for you! Four men including two from Queens were indicted Tuesday for conspiracy to commit wire fraud and bank fraud in connection to an alleged scheme to defraud mortgage lenders. years' imprisonment and a $1 million fine. Aronov and Konstantinovskiywere also charged in 2019. A lock ( 9, 14.) The four other men were arraigned in Brooklyn. The case is being handled by the Offices Business and Securities Fraud Section. A .gov website belongs to an official government organization in the United States. The suit is brought pursuant to the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). 1999); United States v. Raniere, 384 F.Supp.3d 282, 292 n.l (E.D.N.Y. (citing 132 (f)). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 3, Docket Entry No. Assistant United States Attorney Tanisha Payne of the Offices Civil Division is handling forfeiture matters. 1996). As demonstrated by this indictment, FHFA-OIG will investigate and hold accountable those who seek to victimize the government-sponsored entities supervised and regulated by FHFA, stated FHFA-OIG Special Agent-in-Charge Manchak. ) or https:// means youve safely connected to the .gov website. 1992) ("[Precision and proper notice to the defendant cannot be sacrificed for the sake of brevity, but common sense must control, and '[a]n indictment must be read to include facts which are necessarily implied by the specific allegations made.'" The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals and multiple companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government. 25). The governments complaint intervenes in a lawsuit originally brought by under the qui tam provisions of the FCA. Investors had no idea what was going on, although the insider grew more suspicious when he saw a for sale sign outside a building in the East 60s a property he had invested in. Brooklyn, New York, John Marzulli 's Mem. iskyo aronov million dollar listingronaldo vs modric stats 2018. 12, 14.) Two of them also were released on bond, including Michael Herskowitz, a 40-year-old Brooklyn lawyer. The scam in Monday's lawsuit caused millions of dollars in damages to the Federal Housing Administration since the men would file false or misleading documents so the sales would be approved by the federal government, prosecutors said. The US Attorneys Office for the Eastern District of New York charged the men with conspiracy to commit wire fraud and bank fraud. 2002)). 31(a), 31(e).) 2018) ("[A] court cannot test the sufficiency of the government's evidence on a Rule 12(b) motion."). Fraudsters targeted homeowners hoping to avoid foreclosure. After the approved short sale, HUD covers the outstanding mortgage balance not covered by sale proceeds using federal funds. Accordingly, the Court finds that the Indictment is constitutionally sufficient and further finds that the inconsistency identified by Herskowitz is not sufficient to warrant dismissal of Count One, nor the related substantive counts of wire fraud charged in Counts Four and Seven. UNITED STATES OF AMERICA, v. ISKYO ARONOV, MICHAEL KONSTANTINOVSKIY, TOMER DAFNA, AVRAHAM TARSHISH, and MICHAEL HERSKOWITZ, Defendants. As a result, the Second Circuit "ha[s] consistently upheld indictments that do little more than to track the language of the statute charged and state the time and place (in approximate terms) of the alleged crime." This Office will continue working with our law enforcement partners to vigorously prosecute those who commit mortgage fraud and enrich themselves at the expense of the financial institutions and government programs that insure or guarantee the loans. Mr. Donoghue thanked the United States Department of Homeland Security, Homeland Security Investigations, New York Field Office (HSI), the HSI El Dorado Financial Crimes Task Force and the Internal Revenue Service, Criminal Investigation, New York, for their assistance in the ongoing investigation. An eight-count indictment was unsealed today in federal court in Brooklyn charging Marat Lerner, president of the Lerner Group, with conspiracy to commit wire fraud, wire fraud, and money laundering , [Marat Lerner], Lerner Group, With todays sentence, Edward Bohm has been deservedly punished for his role in a fraudulent scheme that deceived banks that trusted and relied upon him as a business partner. Age: 33 Under the FCA, private citizens with knowledge of fraud against the government can bring a lawsuit on behalf of the United States and share in the recovery. 1344 (1990); see also United States v. Calderon, 944 F.3d 72, 91 (2d Cir. at 757 ("[I]t is not necessary to allege facts with technical precision, but rather, to outline the essential elements [required by Rule 7(c)(1)]."). Rego Park, Queens, Tomer Dafna L.A. real estate agent Tracy Tutor has listed a lot of homes on Million Dollar Listing Los Angeles, and in 2019 she repped a very special property: her own. Thus, the Indictment provides a non-exhaustive list of Defendants allegedly involved in the MIP Scheme, see United States v. Stavroulakis, 952 F.2d 686, 693 (2d Cir. The individual defendants used various corporate entities in furtherance of the fraudulent scheme. Read more of today's breaking news, here. Between 2013 and 2016, Aronov and his co-conspirators engaged in the short sales of nine homes in Brooklyn (three in Bed-Stuy and two in Bushwick) and one in Queens Village acquiring the properties at depressed prices through HUDs pre-foreclosure sale program. He was successfully renovating apartment buildings on the Upper East Side, as well as homes in blue-chip Westchester and beachfront Hamptons. The Court denies the motion to dismiss because the Indictment tracks the statutory language of the charged crimes and provides sufficient notice of Herskowitz's alleged criminal conduct. People reported that Tutor was parting with her seven-bedroom, ten-bathroom home in L.A.'s posh Brentwood neighborhood and was asking an eye-popping $23.9 million. RON BOROVINSKY Hollis Hills, New York. Have an opinion? A casting notice in 2015 shows that the . The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals and several companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government. Million Dollar Listing New York S03. He's not only handsome, but he's also one of the most successful brokers in New York. (Def. Aronov was the founder, CEO and president of defendants My Ideal Property Inc., My Ideal Property Group LLC and MIP Management Inc., and also controlled other affiliated corporate entities that he allegedly established to help him fraudulently acquire residential properties, according to the complaint. ) or https:// means youve safely connected to the .gov website. The Federal Housing Finance Agency, Office of Inspector General (FHFA-OIG) is committed to holding accountable those who waste, steal, or abuse the resources of the Government-Sponsored Enterprises regulated by FHFA. Jan. 18, 2017))). Have a question about Government Services? However, both Million Dollar Listing series don't appear to be slowing down any time soon. to Dismiss ("Def. An indictment is to be "read 'to include facts which are necessarily implied by the specific allegations' therein." Between 2013 and 2016, Aronov and his co-conspirators engaged in the "short sales" of nine homes in Brooklyn (three in Bed-Stuy and two in Bushwick) and one in Queens Village - acquiring the. Email us at exclusive@the-sun.com or call 212 416 4552. David Noel Kelley 1095 Ave. of the Americas Dechert LLP, Three Bryant Park New York, NY 10036 . (quoting United States v. Silverman, 430 F.2d 106, 111 (2d Cir. The proceeds from the short sale, less approved closing costs, are applied to the outstanding mortgage loan balance owed to the lender, who typically agrees to forgive the borrowers remaining mortgage loan balance. Million Dollar Listing's Fredrik Eklund splashes out $7M on 5-bed, 8-bath mansion in Beverly Hills. (Id. 28-28(a), 28(d)); and (2) Herskowitz "on behalf of [Aronov], wired approximately $238, 798 to a bank account designated by the [mortgage loan] servicer and approximately $153, 095 to Short Sale Co-Conspirator 2's bank account, both in connection with the short sale transaction" to purchase 2403 Dean Street, (id. A .gov website belongs to an official government organization in the United States. Families with children account for 61% of New York Citys unhoused people, or 34,456 of 56,334 total, according to thedaily census. in Supp. The Short Sale Schemes "originated at [My Ideal Property ('MIP')] under the direction of [Aronov] with the assistance of [Konstantinovskiy and Tarshish], Short-Sale Co-Conspirators 1, 2 and 3, and others" (the "MIP Scheme") and the scheme was later replicated by Tarshish and Dafna "at Exclusive Homes with the assistance of Short-Sale Co-Conspirator 2 and others" (the "Exclusive Homes Scheme"). Please complete the form below and click on SIGN UP to receive daily e-newsletters from. Although investors didnt know it, he was splitting from his wife, Yvonne. 31(e), 42)). Official websites use .gov The governments case is being handled by Assistant United States Attorney Michael J. Castiglione, with assistance from Affirmative Civil Enforcement Auditor Michael Gambrell. 175-1.) DAlessio was ordered to pay $58,090,047 in restitution and must forfeit all holdings purchased with funds from the scam. (citing United States v. Messina, No. According to court documents, one couple lost $100,000 that was earmarked to aid an ill relative. As a result, defendants not only acquired the properties for below-fair market value prices, but obtained broker fees in the transactions and induced lenders to release the FHA-insured mortgages at a loss. \ 19), and specifically alleges that Herskowitz was involved in the purchase of 1219 Jefferson Avenue and 2403 Dean Street, (id. While . I felt bad for him, said the real estate pro. There was one unusual aspect: DAlessio paid investors standard annual returns of 15 to 18% but personally guaranteed the dividends. HUD, in turn, pays the lenders claim from federal funds. 2001)); Faison, 393 Fed.Appx. We are always seeking enthusiastic team members to help enhance and enlarge our content for and about Brooklyn. In contrast, the Indictment alleges that Herskowitz assisted in the MIP Scheme and includes particularized allegations regarding his involvement in the short sale transaction to purchase 1219 Jefferson Avenue and 2403 Dean Street to support this broader allegation. The father of five picked up tabs at fancy Italian restaurants and doted on his disabled daughter. If 25 (emphasis added)). But that can be a long road, and one more difficult if borrowers were deep in debt. An indictment was unsealed today in federal court in Brooklyn charging Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish and Michael Herskowitz with conspiracy to commit wire fraud and bank fraud, and related wire fraud counts, in connection with a scheme to defraud mortgage lenders, including the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and borrowers. The upcoming 14th season of Bravo's Million Dollar Listing: Los Angeles is going to look a lot different. The complaint alleges that the defendants Iskyo Aronov, Ron Borovinsky and Michael Konstantinovskiy ran a wide-ranging mortgage scheme to defraud the Federal Housing Administration (FHA) of the US Department of Housing and Urban Development (HUD). (citing Costello v. United States, 350 U.S. 359, 363 (1956))). NOTICE OF FILING OF OFFICIAL TRANSCRIPT of Proceedings as to Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish, Michael Herskowitz held on October 2, 2019, before Judge Margo K. Brodie. According to court documents, DAlessios internet search history from this time included the phrase which country is the best to hide money from US.. It seemed like the interest payments would mitigate profits.. In the mortgage scam, the men, under a company called My Ideal Property Group, manipulated the short sale so they were controlling almost every step of the process, prosecutors said. The scam in Monday's lawsuit caused millions of dollars in damages to the Federal Housing Administration since the men would file false or. SCOTUS JUSTICES PERSPECTIVES VARYON RELIGIOUS ACCOMMODATION CASE, MAN STABBED WITH ICE PICK ON SUBWAY, POLICE SEEK SUSPECT. of Def. UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK. 'Million Dollar Listing' Agent Has His Own New Listing Steve Gold of the Corcoran Group is selling his fully renovated loft on Wooster Street in SoHo. Herskowitz argues that because the factual allegations in the Indictment make clear that "he was not one of those [Defendants] involved in the MIP Scheme," (Def. 2000)). Pursuant to HUDs Pre-Foreclosure Sale Program, qualifying homeowners with defaulted, FHA-insured mortgages may sell their properties in a short sale for less than the balance of the mortgage if the sale is for the fair market value of the property.
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