Melville lawyer accused of stealing over $400K from real estate deal
SUFFOLK COUNTY, NY – A Long Island attorney was arrested Friday on charges that he stole more than $413,000 meant to pay off a client’s loan during a real estate closing. Prosecutors…
Former Auditor at Newport Beach Commercial Real Estate Agency Arrested on Complaint Alleging He Stole $2.5 Million from Employer
SANTA ANA, California – A former executive at an Orange County commercial real estate agency was arrested today on a federal criminal complaint alleging a decade-long scheme in which he stole…
Chinese Real Estate Developer’s L.A.-Based Company Found Guilty of Paying Over $1 Million in Bribes to L.A. Politician José Huizar
LOS ANGELES – Based on the actions of its agents, including its billionaire Chinese real estate developer owner, a downtown Los Angeles-based company was found guilty today of paying more than…
Debt risks of top real estate firms are prominent – China bank regulator
BEIJING (Reuters) – Debt risks of some top real estate firms are prominent and risk control ability of some local financial institutions are weak, according to the chairman of China’s banking and…
Analysis-Airbus widens A350 cabin in mile-high real estate war
By Tim Hepher PARIS (Reuters) – Airbus has unveiled a wider and longer cabin for its A350 in a battle for wide-body sales against Boeing – while quietly ditching the slogan on…
Goldman Sachs launches Chinese infrastructure real estate joint venture
By Selena Li HONG KONG (Reuters) – Goldman Sachs has launched a joint venture in China with local logistics company Sunjade in a bid to boost investment in Chinese logistics and infrastructure…
Chicago Real Estate Developer Puts Fizz into A&W’s Growth Strategy with Plans for Five Restaurants
Lee and Karin Fry Reopening Former Burger King as an A&W Iconic brand focusing on Chicago as part of aggressive expansion plan Lexington, KY (-) After spending more than 30 years helping…
Kushner Cos offers to buy real estate company Veris Residential – WSJ
(Reuters) – Jared Kushner’s family real-estate firm, Kushner Cos, is making an unsolicited bid for Veris Residential Inc <VRE.N>, in a deal that would value Veris at about $4.3 billion, the Wall…
Investor Irenic Capital wants News Corp to split media, real estate units – sources
(Reuters) – Activist investor Irenic Capital Management, which has a $150 million stake in News Corp, wants the company to split its media and online real estate units, sources familiar with the…
Real Estate Agent and Her Husband Sentenced for Fraud Using Stolen Personal Identifying Information
ALEXANDRIA, Va. – A Merrifield couple was sentenced today for stealing at least nine people’s identities and using the stolen personal identifying information (PII) to fraudulently buy a luxury vehicle, lease high-end…
Lansing Real Estate Developer Sentenced To Prison For Tax Evasion
Scott Chappelle Concealed Income and Assets to Avoid Paying More than $1.6 Million in Taxes, While Maintaining a Lavish Lifestyle GRAND RAPIDS, MICHIGAN — Scott Chapelle, 61,…
Former FBI Special Agent and D.C. Real Estate Developer Found Guilty of Bribery
WASHINGTON –A former FBI agent and a real estate developer were found guilty by a jury today of federal bribery and conspiracy charges. …
Report shows Manhattan real estate sales fell by 18%
John Hugh DeMastri NEW YORK, NY – Apartment sales in Manhattan fell by 18% in the third quarter as increased prices and higher mortgages put downward pressure on one of the most…
Italy freezes real estate owned by two Russian oligarchs -sources
MILAN (Reuters) – Italy on Monday froze some real estate properties owned by two Russian oligarchs in the luxurious seaside resort of Portofino, in Sirmione on Lake Garda and in Rome, two…
Teriyaki Madness Hires Ryann Frost as New Vice President of Real Estate Development
Ryann Frost Frost is leveraging in-depth franchising experience to help optimize the Teriyaki Madness real estate strategy for incoming franchisees and facilitating partnerships with national providers to overcome the challenges of today’s…
Dallas Man Charged In $26 Million Real Estate Scam
A Dallas man who allegedly scammed Chinese investors out of more than $26 million has been federally charged, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham. Timothy Lynch…
Dallas Man Charged In $26 Million Real Estate Scam
A Dallas man who allegedly scammed Chinese investors out of more than $26 million has been federally charged, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham. Timothy Lynch…
Manhattan Real Estate Fund Manager Sentenced To Prison For Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSHUA BURRELL was sentenced today to 48 months in prison for committing securities fraud in connection with…
Owner of District of Columbia Real Estate Company Pleads Guilty To Federal Bribery Charge
WASHINGTON – Frederick Silvers, 57, of Washington, D.C., owner of Silvers Realty Management LLC, pleaded guilty today to a federal bribery charge, admitting that he paid…
Former Real Estate Attorney and Wife Sentenced for Mortgage Fraud and Tax Charges
BOSTON – A former Massachusetts attorney and his wife have been sentenced in federal court in Boston in connection with various mortgage fraud schemes. Barry Wayne Plunkett Jr., 62, and Nancy Plunkett,…
Jury Convicts San Francisco Broker And Investor Victor Makras For Fraud In Real Estate Loan
SAN FRANCISCO – A federal jury today convicted Victor Makras, a prominent San Francisco real estate broker and investor, of making false statements to a bank and of bank fraud tied to…
Mortgage Loan Officer and Real Estate Agents Charged in Mortgage Fraud Scheme in Central Valley
FRESNO, Calif. — A federal grand jury returned an indictment against German Antonio Lopez-Velasquez, 55, of Modesto; Marko Antonio Lopez, 27, of Modesto; and Lisa Marie Santos, 48, of Long Beach, charging…
Ocean Township Cop Charged for Real Estate Fraud
From the Desk of Lori Linskey, Monmouth County Prosecutor, Acting FREEHOLD – A former Ocean Township Police Officer has been sentenced for acts of theft and forgery associated with his former part-time…
Elderly Couple Dead in Fire at $2 Million North Jersey Estate
MORRIS TOWNSHIP, NJ – An elderly couple was killed during a fire that destroyed their $2 million estate in Morris Township Friday morning. According to police, at approximately 2:52 a.m. on Friday,…
China to keep real estate financial policy consistent, regulator says
BEIJING – China will keep real estate financial policies consistent and stable, the country’s banking and insurance regulator said on Thursday. An orderly property market will better meet the reasonable demand of…
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
MADRID – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ market value rose by over 1 billion…
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