Sentences with phrase «real estate fraud which»

Not exact matches

In November, the FBI charged Brooklyn businessman Maksim Zaslavskiy with securities fraud and conspiracy to commit securities fraud for allegedly bilking investors out of $ 300,000 through an ICO scam called REcoin which he claimed was «the first - ever cryptocurrency backed by real estate.»

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.

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.

Under Schneiderman's plan, the attorney general's existing Real Estate Finance Bureau, which currently polices real estate transactions, will be tasked to investigate cases of tenant harassment and other civil housing fraReal Estate Finance Bureau, which currently polices real estate transactions, will be tasked to investigate cases of tenant harassment and other civil housing fEstate Finance Bureau, which currently polices real estate transactions, will be tasked to investigate cases of tenant harassment and other civil housing frareal estate transactions, will be tasked to investigate cases of tenant harassment and other civil housing festate transactions, will be tasked to investigate cases of tenant harassment and other civil housing frauds.

Henning said it's possible that other conduct mentioned in the report — such as transactions between the governor's office and companies like real estate developer Extell — could fall under mail and wire fraud statutes, which make it a crime for any public official to be «taking money and misrepresenting how it was used,» he said.

A Federal appeals panel yesterday unanimously overturned the fraud conviction of former Assembly Speaker Mel Miller of Brooklyn, agreeing that a tangled real - estate deal in which he and his former law partner netted $ 200,000 did not constitute a crime.

Mr. Silver, 71, a Manhattan Democrat, was found guilty on Nov. 30 on honest services fraud, extortion and money laundering charges, for schemes through which he obtained nearly $ 4 million in exchange for using his office to help benefit a cancer researcher and two real estate developers.

The author also does a fantastic job of describing the once thriving City of Detroit where the Turner children were raised, and telling us the factors that led to it's destruction: Black flight, crack, gun violence, and real estate fraud - burning property for profit, squatters, and fraudulent short sales which led to the bottoming out of property values.

This crisis was mainly the result of loose mortgage lending, which spurred rampant speculation and even fraud in U.S. mortgage securities and real estate.

For example, Mr. Klamann was lead counsel in a commodities churning case which was tried to a $ 700,000 punitive damages verdict, a securities fraud case which produced a seven - figure confession of judgment involving a Real Estate Investment Trust (REIT), a successful consolidated case of more than 140 plaintiff investors in varying combinations of six commercial real estate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnershReal Estate Investment Trust (REIT), a successful consolidated case of more than 140 plaintiff investors in varying combinations of six commercial real estate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnerEstate Investment Trust (REIT), a successful consolidated case of more than 140 plaintiff investors in varying combinations of six commercial real estate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnershreal estate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnerestate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnerships.

On the real estate fraud front, we have seen several high profile cases in Ontario in which a family member was the first true victim of the fraud, often because a Simultaneously acting for members of same family is more risky power of attorney was fabricated or used incorrectly by another family member.

The real estate industry currently suffers from a lack of transparency, an excess of paperwork and the risk of fraud, all of which Bitcoin could ameliorate by doing away with the need for a paper - based record.

I don't want you to change that professional quality, which is so crucial to success in real estate, but your relationship with clients makes you susceptible to fraud schemes,» he said.

In contrast to the world of big business, which is wracked by accounting problems and fraud, the real estate sector is a shining light, said Edwards, in testimony before the House Financial Institutions and Consumer Credit Subcommittee.

Real estate fraud costs us all because it leads to more regulation and to lenders ultimately losing most often, which makes them lend more stringently.

Real Estate depends on accurate data upon which multiple parties must agree, yet many record keeping and transactional systems are open to fraud and error.

Reiser, Inc. v. Roberts Real Estate (292 A.D. 2d 726)-- claims that broker breached listing agreement based on extrinsic evidence can not survive the explicit language of the listing agreement granting to broker «full discretion to determine the appropriate marking approach» for the listed properties; broker establishes its entitlement to commission under the listing agreements by introducing uncontroverted evidence that three properties sold as a result of broker's efforts while the listing agreements where in effect; owner's claims of breach of fiduciary duty fail where owner, builder / developer, did not list all of its properties with broker as broker's duty is limited to protecting its principal's interest only with respect to properties which have been listed with the broker; broker's duty to refrain from taking action adverse to its principal's interests is necessarily tied to the transaction that formed the agency relationship; owner's claim of fraud in the inducement under one of two listing agreements survives motion for summary judgment

Mr. Gray's work has been instrumental in this and other mortgage fraud investigations, increasing the Commission's ability to make a difference in situations in which licensed real estate brokers have actively participated in fraud.

7 DOS 00 DOS v. Flagship Marketing Group - availing of license; failure to cooperate with DOS investigation; jurisdiction; proper business practices; ex parte hearing may proceed upon proof of proper service; DOS retains jurisdiction over party not licensed at the time of the hearing where, at that time the complaint was served, the party was (i) licensed, (ii) an applicant for a license or renewal, or (iii) was eligible to automatically renew; salesperson is prohibited both from owning, directly or indirectly, singly or jointly, any shares of voting stock in and from being an officer of any licensed real estate brokerage corporation with which the salesperson is associated; representative real estate broker availed the corporate broker license to an associated salesperson where the office was operated by the salesperson without the direct supervision of the representative broker and the salesperson conducted business as a broker for his own benefit; representative real estate broker engaged in fraud by availing the corporate real estate broker license to a salesperson; representative broker's availing of corporate broker's license for which the corporate broker is vicariously liable; failure to provide business records constitutes failure to cooperate with DOS investigation; DOS fails to establish fraud, ignorance or negligence is not sufficient to prove mistake; pressure, regardless of how severe, is not undue influence; restitution denied where funds sought were received by an entity not named or charged in the complaint; corporate broker fined $ 3,000.00, representative broker's license revoked and fined $ 3,000.00 and salesperson fined $ 5,000.00

Its mission is to indemnify victims of a fraud, a dishonest transactions or a misappropriation of funds or other property which, under the Act, must be deposited in a trust account, in the context of a real estate transaction brokered by a real estate broker or agent.

Established pursuant to the Real Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or agReal Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or agreal estate broker or estate broker or agent.

Other locations, such as the United Kingdom, do not require or provide licensing for real estate agencies, which can leave the door open for fraud and predatory practices.