Manhattan Gains as Housing Stalls Despite rising gloom about home sales across the country, sales of apartmen...Read More
Addicted to Real Estate By now, everyone knows the financial reasons for the housing bubble, from l...Read More
New Brokerages from Brooklyn, NY have been added RateYourBroker.com has added brokerages from Brooklyn! Check them out! &nb...Read More
Building manager busted for pocketing nearly $900,000 in rents while posing as landlord. A building manager was busted Tuesday for pocketing nearly $900,000 in rent...Read More
Read More..
A building manager was busted Tuesday for pocketing nearly $900,000 in rents paid at five upper Manhattan buildings by posing as the landlord, prosecutors said. Luis Nunez, a married father of two, is charged with stealing $879,000, including monthly payments from Columbia University students living near the campus. Prosecutors said Nunez, of the Bronx, spent the money enhancing his lifestyle. "The defendant used the stolen money for furniture, jewelry, several vehicles, school tuition, etc.," Assistant District Attorney Om Gillett told a Manhattan judge. Nunez, 42, was held on $50,000 bail after he pleaded not guilty to grand larceny charges, which could cost him seven years in prison. The alleged 2005-to-2009 scam wasn't detected until Nunez started slacking off on duties unrelated to rent collections and the real landlords who were owed the money audited his work, officials said. To evade detection, Nunez helped himself to rents from only some of the 100 apartments and fudged computer data aimed at tracking rents at 45Tiemann Place, 184-188 Claremont Ave. and 3139 Broadway, officials said. The building owners were not available for comment. Read more: http://bit.ly/ctaIKH