developer flees with coop buyers money

wirenut

April 2008 edited November -1 in Crown Heights/Prospect Lefferts Gardens

I heard a story today on the radio about a developer that fled to Israel with money that was paid to purchase a bunch of COOP apartments at 2 CH locations.

Anybody have any details?

Comments

• 

  idlewild

  April 2008

  Always get title insurance.
• 

  daver

  April 2008

  Idlewild wrote: Always get title insurance.

  Fuck that, always get the DEED.
  
  http://gothamist.com/2008/04/27/dirty_deeds_by.php
  
  I feel bad, those people trusted him due to religious and community ties. Which is sometimes a HUGE mistake...
  
  More detailed article:
  The Jerusalem Post
• 

  littleredmenace

  April 2008

  Yeah, as if people are automatically trustworthy simply because they're religious.
  
  Sad story.
• 

  lilbangladesh

  May 2008

  I hate to say it, but some of the worst slumlords in the city are Orthodox Jews.
  
  Religious observance and whether or not someone is a mensch are two totally different things.

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