Four Haredi New York investors sentenced in multi-million real estate fraud

Four Haredi New York investors sentenced in multi-million real estate fraud

Investors sentenced to prison for defrauding banks and investors of millions through inflated property values and falsified documents, exposing systemic issues within community’s business practices

Four Real Estate Investors Sentenced in Multimillion-Dollar Loan Scheme | Office of Inspector General, Department of Housing and Urban Development

Four real estate investors were sentenced in an extensive, multi-year conspiracy to fraudulently obtain multimillion-dollar loans on commercial and multifamily properties.Aron Puretz, 53, of New Jersey, and his son, Chaim “Eli” Puretz, 29, of New Jersey, were sentenced to prison for conspiracy to commit wire fraud affecting a financial institution. Aron Puretz was sentenced to 60 months in prison and ordered to pay $22,235,457 in restitution, an…

Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes

Aron Puretz, his son, Chaim “Eli” Puretz, Moshe “Mark” Silber and Fredrick Schulman were sentenced. Continue Reading Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes The post Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes appeared first on Weekly Real Estate News.