Sentences with phrase «in real estate schemes»

Sometimes straw buyers are willing participants in real estate schemes, with criminal intent or not, but it's always illegal.

Silver is also accused of getting more than $ 700,000 in a real estate scheme — he pocketed referral fees from law firms that did tax work for wealthy developers, which Silver sent their way, prosecutors said.

Not exact matches

One of Trump's real - estate advisers in the early 2000s, the Russia - born businessman Felix Sater, was accused nearly two decades ago of being a co-conspirator in a $ 40 million fraud and money laundering scheme involving four Mafia families.

Such risks may explain in part why other real estate crowdfunders like Equidy, RealtyMogul, RealtyShares and PassiveFlow.com don't appear interested in involving owner - occupants in their equity - share schemes.

The recent stock market and real estate bubbles are much like pyramid schemes in the sense that what is bidding up stock and property prices is an exponential inflow of new money from pension plans and mutual funds (for shares) and bank credit (for real estate).

In other words, they're going to keep a ponzi scheme going much like the real estate bubble.

Spain's investment visa also drives Chinese interest in real estate and the scheme captured US$ 768million in new investment in its first 15 months.

Keller Williams Realty Mid-Willamette, a real estate brokerage located in Corvallis, Oregon, has been penalized and fined by a federal financial watchdog for participating in what has been called an illegal kickback scheme.

The real estate broker, who is also close to former Senate Minority Leader John Sampson, pleaded guilty in October to a $ 50 million mortgage - fraud scheme.

Lawyer James Branden told the Second U.S. Circuit Court of Appeals that when Boyland was convicted in 2014 of overlapping schemes to take cash from undercover agents to help them with a carnival permit and a real estate project, the judge gave jurors too broad a definition of the type of promised acts that the Supreme Court says would be a crime.

Approximately $ 700,000 came in «undisclosed bribes and kickbacks» from a scheme in which Mr. Silver used his influence as speaker to induce real estate developers with «business for the state» to use a real estate law firm run by an attorney who previously worked as Mr. Silver's counsel in the Assembly, and which paid Mr. Silver for the referrals.

Mr. Silver stands accused of two schemes in which Mr. Bharara alleges he used his position as Assembly speaker to rake in more than $ 6 million, which he presented as legitimately earned income for representing or referring clients in real estate or asbestos legal dealings.

In a swaggering press conference at his offices in Manhattan, Mr. Bharara detailed two alleged extortion schemes Mr. Silver undertook to enrich himself: one involving an unidentified doctor handling asbestos cases, who was not charged with a crime after cooperating with the U.S. attorney's office, and another with a small, politically - connected real estate law firm that also avoided charges in this complainIn a swaggering press conference at his offices in Manhattan, Mr. Bharara detailed two alleged extortion schemes Mr. Silver undertook to enrich himself: one involving an unidentified doctor handling asbestos cases, who was not charged with a crime after cooperating with the U.S. attorney's office, and another with a small, politically - connected real estate law firm that also avoided charges in this complainin Manhattan, Mr. Bharara detailed two alleged extortion schemes Mr. Silver undertook to enrich himself: one involving an unidentified doctor handling asbestos cases, who was not charged with a crime after cooperating with the U.S. attorney's office, and another with a small, politically - connected real estate law firm that also avoided charges in this complainin this complaint.

Silver is accused of using his political position to gain over $ 4 million in illegal kickbacks and bribery payments in schemes involving cancer patients and two major real estate firms.

«Silver's case is factually almost nothing like McDonnell; there is no question that Silver took a number of official acts — most obviously, passing legislation and approving state grants and tax - exempt financing — as part of a quid pro quo in the Mesothelioma and Real Estate Schemes,» Judge Caproni wrote.

In another alleged scheme, Silver was accused of accepting bribes in exchange for enacting tax breaks that helped a Manhattan real estate firIn another alleged scheme, Silver was accused of accepting bribes in exchange for enacting tax breaks that helped a Manhattan real estate firin exchange for enacting tax breaks that helped a Manhattan real estate firm.

Approximately $ 700,000 came in «undisclosed bribes and kickbacks» from a scheme in which Mr. Silver used his influence as Assembly Speaker to «induce real estate developers with business before the State» to use a real estate law firm run by an attorney who previously worked as Mr. Silver's counsel in the Assembly, and which paid Mr. Silver for the referrals.

«Today's sentence holds accountable this defendant who tried to profit from Brooklyn's booming real estate market by developing this fraudulent scheme to illegally speed up work on properties and violate required safety protocols,» Brooklyn District Attorney Eric Gonzalez said in a statement.

But the Times, collectively, has never demonstrated the will or interest to examine Atlantic Yards in anything close to the proportion demanded by one of the biggest real - estate schemes in the history of the city.

Silver, 71, was charged with honest services fraud, extortion and money laundering stemming from schemes in which he used his leadership position to benefit a cancer researcher and two real estate developers in exchange for cash.

Other schemes involved kickbacks from a legal firm specializing in tax law, and favors to the real estate industry in the form of favorable tax laws.

In another alleged scheme, Silver received $ 700,000 from the law firm Goldberg & Iryami for pushing two major real - estate developers to use their services.

In one of three alleged schemes, prosecutors said that the two men solicited bribes from Charles Dorego, a real estate executive at Glenwood Management, who directed $ 20,000 check for title insurance work to the younger Skelos, at a time when the company was lobbying for housing and rent - related legislation that was crucial to its business.

The former Speaker faces up to 12 years in prison for two criminal schemes, one of which involved real estate developers.

At Mr. Silver's trial, the government presented evidence that prosecutors said showed he had orchestrated two schemes through which he obtained nearly $ 4 million in illegal payments for taking official actions that benefited a prominent cancer researcher, Dr. Robert N. Taub, at Columbia University, and two New York real estate development firms.

The charges of honest services fraud, extortion and money laundering stemmed from schemes by which he obtained nearly $ 4 million in exchange for using his position to help benefit a cancer researcher and two real estate developers.

The FBI agent's invented real estate developer was also involved in another piece of the scheme in Spring Valley, N.Y., along with a «confidential witness» who has not been identified, prosecutors said.

Halloran also agreed to steer up to $ 80,000 in City Council funds to the FBI's posed real estate developer, in exchange for the developer's participation in the scheme, prosecutors said.

Silver's lawyers also claimed there wasn't enough evidence to even consider charges related to a second alleged scheme, in which Silver steered a real estate company to a friend's law firm, also in exchange for fees, Defense attorneys say the parties involved had no idea Silver was even collecting the money.

Prosecutors in the Sheldon Silver corruption case called two key players, including an official with Glenwood Management, to the stand today to answer questions about the former Assembly speaker's alleged involvement in a real - estate kickback scheme.

It's unclear exactly how the no - show job, and the malpractice insurer, fit in to the larger scheme outlined by both Mr. Bharara and in the indictment — which focuses the elder Mr. Skelos directing a real estate development company and environmental technology company to steer business to his son in exchange for favorable treatment in Albany.

The scheme provided SILVER with two different streams of unlawful income: (i) approximately $ 700,000 in kickbacks SILVER received by steering two real estate developers with business before the state legislature to a law firm with which he was associated, and (ii) more than $ 3 million in asbestos client referral fees SILVER received by, among other official acts, awarding $ 500,000 in state grants to a university research center of a physician who referred patients made ill by asbestos to SILVER at Weitz & Luxenberg.

Silver, 70, was indicted on three charges, theft of honest services wire fraud and mail fraud and extortion in the alleged real estate and asbestos cancer schemes.

According to the indictment, Silver attempted to hide his fraudulent scheme by lying publicly about the nature of his work, claiming that none of his clients had business before the state when he was in fact successfully being lobbied on state real estate laws by Glenwood Management.

Silver received $ 700,000 in referral fees from a real estate law firm doing tax appeal work for Glenwood in an alleged kickback scheme as he directed tax breaks to Glenwood, the indictment claims.

To prove the bribery scheme, the government will be tasked with convincing that Mr. Silver was engaged in a quid pro quo with Mr. Taub and the real estate industry, trading the power he wielded over state money and laws that govern real estate for money.

Federal prosecutors say Silver ran schemes using two law firms, one specializing in real estate, the other in personal injury law, to collect money for work he did not perform.

Silver also received another $ 700,000 in referral fees from a real estate law firm in an alleged kickback scheme as he directed tax breaks to two developers, including Glenwood Management, the largest political donor in the state.

Silver's case featured a considerable real estate angle, with federal prosecutors claiming he received nearly $ 4 million in illegal payments through two schemes he orchestrated.

Prosecutors accused Silver of obtaining nearly $ 4 million in kickbacks through schemes where he used his position as Assembly Speaker to help benefit two real estate developers and a cancer researcher.

The complaint against Silver does not directly name the real estate law firm he allegedly used in a scheme to get some $ 700,000 in «bribes and kickbacks» from developers with business before the state.

Their scheme started in 2010, when Dean Skelos started pressuring real estate giant Glenwood Management to give his adult son insurance title work, falsely telling execs there that Adam was strapped for cash.

Caproni dropped an extortion charge against Percoco over payments totaling $ 35,000 he allegedly received from two Syracuse businessmen — Steven Aiello and Joseph Gerardo — that prosecutors say was part of a scheme meant to have Percoco use his influence in the Cuomo administration to assist their real estate firm called Cor Development.

In addition to Silver's illicit agreement with Taub, prosecutors say he orchestrated another scheme to pocket referral fees from real estate developers.

The new charges are in addition to bribery and extortion charges connected to two other alleged corruption schemes, dealing with a real estate developer and an environmental technology company.

Other schemes involved kick backs from a legal firm specializing in tax law, and favors to the real estate industry in the form of favorable tax laws.

Silver — who at the time was one of the most powerful lawmakers in Albany — was found guilty on all seven counts against him that he engaged in two quid - pro-quo schemes in which used his position to benefit a cancer researcher and two real estate developers.

Former Assemblyman William Boyland Jr., a Democrat, was sentenced to 14 years in prison last month for a scheme to take bribes from FBI agents posing as real estate investors as well as a carnival promoter looking for help with local permits

For roughly three hours Tuesday afternoon, Mukhi detailed three «schemes» in which the senator and his son, Adam, were allegedly involved: with a real estate developer (Glenwood Management), an environmental technology company (AbTech) and a medical malpractice insurer (Physicians Reciprocal Insurer).

New York real estate investor Irving Stitsky, the ex-Cobalt Capital Funding executive accused of defrauding more than 250 investors in a $ 23 million scheme,...