Tag:

Real estate investment

Capital District
News
Albany Farmer Admits Blowing $1M In Relief Funds On New House, Personal Expenses Albany Farmer Admits Blowing $1M In Relief Funds On New House, Personal Expenses
Albany Farmer Admits Blowing $1M In Relief Funds On New House, Personal Expenses The money was supposed to go toward paying off his farm loan, but prosecutors say a man from the region blew nearly $1 million on personal expenses instead. Asjid Parvez, age 37, of Albany, pleaded guilty to one count of theft of government property in Albany federal court on Friday, Jan. 5. According to prosecutors, Parvez admitted to receiving a check for over $972,000 from the Department of Agriculture’s Farm Service Agency (FSA) in May 2023. The funds were authorized under the Inflation Reduction Act of 2022 and are meant to assist borrowers who have fallen behind on their federally g…

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by Michael Mashburn
Wyckoff-Franklin Lakes
Police & Fire
Bergen Biz Partner Of Power 105.1 DJ Envy Busted By Feds In Multi-Million-Dollar Fraud Scheme Bergen Biz Partner Of Power 105.1 DJ Envy Busted By Feds In Multi-Million-Dollar Fraud Scheme
Bergen Biz Partner Of Power 105.1 DJ Envy Busted By Feds In Multi-Million-Dollar Fraud Scheme A New Jersey real estate investor and influencer who's business partners with Power 105.1 DJ Envy was seized early Wednesday by federal agents who charged him with orchestrating a multimillion-dollar Ponzi-like investment scheme. Promising returns that were too good to be true, Cesar Humberto Piña "exploited celebrity status and social media" to scam dozens of people out of millions of dollars, U.S. Attorney for New Jersey Philip R. Sellinger said on Oct. 18. Piña, 45, who lives in the suburban Bergen County town of Franklin Lakes, craftily "developed a devoted following" whom he then victi…

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by Jerry DeMarco
Baltimore
Lifestyle
Investment Property In The Works for Couple After $100,000 Lottery Win Investment Property In The Works for Couple After $100,000 Lottery Win
Investment Property In The Works for Couple After $100,000 Lottery Win A pair of players are one step closer to buying an investment property after winning $100,000 in the Maryland Lottery in two lucky drawings, Maryland Lottery Officials state. The Western Baltimore County duo got their wins on two Pick 5 $1 straight bet quick-pick tickets they purchased two days apart, according to the Maryland Lottery. The Nigeria natives but now U.S. citizens are planning to purchase an investment property in Nigeria to keep close to their roots.  "God bless America!", one of the lucky winners said. The first winning ticket was purchased on Sunday, Oct. 16 and the s…

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by Annie DeVoe
Morris
Real Estate
Teresa Giudice, New Bergen County Beau Buy $3.35M Morris County Mansion Teresa Giudice, New Bergen County Beau Buy $3.35M Morris County Mansion
Teresa Giudice, New Bergen County Beau Buy $3.35M Morris County Mansion Teresa Giudice and her new boyfriend Luis Ruelas, of Allendale, have purchased a Morris County mansion together -- though they might not be the ones living in it, TMZ reports. The $3.35 million Montville home is reportedly one of Ruelas' latest real estate investments, and located at 16 Pond View, reports say. The 7,7728-square-foot mansion is located on the same street as the house Giudice's brother and sister-in-law -- Joe and Melissa Gorga -- recently sold. The name of the home is "Clarence Manor," and it was modeled after the Thomas Kinkade painting, "Beyond Summer Gate," according t…

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by Cecilia Levine
Brookfield
News
Former CEO From Fairfield County Charged With Securities Fraud Former CEO From Fairfield County Charged With Securities Fraud
Former CEO From Fairfield County Charged With Securities Fraud A Fairfield County man has been arrested for alleged securities fraud in which he stole more than $50 million from hundreds of individuals. Eric Malley, age 50, of New Canaan, was arrested on Tuesday, Jan. 12, on charges of securities fraud and wire fraud for his role in a scheme to fraudulently induce hundreds of people to invest a total of more than $50 million in two real estate investment funds, said Audrey Strauss, acting US Attorney of the Southern District of New York. As alleged in the complaint unsealed Tuesday in Manhattan federal court, Malley founded MG Capital Management in Jan…

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by Kathy Reakes
Pascack Valley
Police & Fire
Family Of Bergen County Realtors, Board Director Charged In $4.7 Million Dollar Ponzi Scheme Family Of Bergen County Realtors, Board Director Charged In $4.7 Million Dollar Ponzi Scheme
Family Of Bergen County Realtors, Board Director Charged In $4.7 Million Dollar Ponzi Scheme The owner of a "distressed" North Jersey real estate investment firm, his parents, brother and one family friend were charged in a multi-million dollar Ponzi scheme that began in at least 2014, authorities said Thursday. Chander Singh, 44, of Emerson, falsely solicited $4.7 million from approximately 30 investors through a web of entities under the umbrella of his company, SC Capital Investors LLC, Bergen County Prosecutor Mark Musella said. The investigation into Singh and his company was launched last February, when authorities began receiving tips from multiple investors t…

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by Cecilia Levine
Nassau
News
Long Island Man Charged With Stealing $45K In Investment Scheme Long Island Man Charged With Stealing $45K In Investment Scheme
Long Island Man Charged With Stealing $45K In Investment Scheme A Long Island man is facing charges for allegedly stealing more than $45,000 from a former family friend's widow that was earmarked for investment opportunities, the DA announced. Huntington resident Craig Stone, 64, was arraigned on Thursday, Sept. 24 on a grand larceny charge for allegedly stealing $45,450 as part of an investment scheme to defraud a former friend. Nassau County District Attorney Madeline Singas said that between 2013 and 2015, Stone’s victim, a former family friend, gave him the money to invest in “real estate vehicles” that had a guaranteed return of between 10 and 11 p…

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by Zak Failla
Worcester
Business
Bump In The Road: NYC Developer That Renovated Springfield Apartments Eyes Worcester Bump In The Road: NYC Developer That Renovated Springfield Apartments Eyes Worcester
Bump In The Road: NYC Developer That Renovated Springfield Apartments Eyes Worcester An NYC developer that recently finished apartments in Springfield - with a few bumps along the way - is eyeing construction in Worcester. SilverBrick Group, of New York, New York City, is weighing whether to invest $54 million to create more than 300 units of affordable housing at the Commerce Building, aka Worcester’s first skyscraper. SilverBrick finished a similar, though much smaller, renovation project in Springfield in 2019. SilverBrick Square apartments in downtown Springfield is a 99-unit building featuring mostly market-rate studio and single-bedroom units.  The construction …

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by Kristin Palpini
New Canaan
News
Longtime Lacrosse Coach From New Canaan Among Six Killed In Plane Crash Longtime Lacrosse Coach From New Canaan Among Six Killed In Plane Crash
Longtime Lacrosse Coach From New Canaan Among Six Killed In Plane Crash A longtime varsity lacrosse coach who grew up in the area was one of six people killed in a small plane in Texas. The twin-engine Beechcraft BE58 crashed about 70 miles northwest of San Antonio on Monday, April 22. Angela Webb Kensinger, 54, a Fairfield County native who grew up in New Canaan, was killed along with her husband, 55-year-old Stuart Kensinger, the Texas Department of Public Safety said. Angela Kensinger, known as "Angie," was the girls lacrosse coach at the St. John's School in Houston. "Our thoughts and prayers are with all members of the Kensinger family, especially their …

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by Joe Lombardi
Paramus
Business
Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group
Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group A Paramus shopping center home to H Mart, DSW and PetSmart has been purchased by a real estate investment group. "Paramus Junction" -- directly across from the Garden State Plaza on Route 17 -- last month sold to Deka Immobilien GmBH from Invesco Real Estate and Advance Realty, NorthJersey.com reports. The sale was arranged by arranged by Cushman & Wakefield, who did not disclose the price. The 75,000-square-foot property was last sold in 2015 for $24.7 million. The property's assessed value increased from $22.59 million to $23.13 million after minor renovations, Paramu…

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by Cecilia Levine