Make your practice more effective and efficient with Casetexts legal research suite. He considers his cars as his most prized possessions. Eagle file photo, News for those who live, work and play in Brooklyn and beyond, May 1 | Herskowitz argues that he "is mentioned only a few times in the body of the Indictment, and even then, mostly by way of conclusory boilerplate allegations," (id. The act also permits the government to intervene in such actions, as the government has done in this case. ISKYO ARONOV (also known as Isaac Aronov) Between 2013 and 2016, Aronov and his co-conspirators engaged in the short sales of nine homes in Brooklyn (three in Bed-Stuy and two in Bushwick) and one in Queens Village acquiring the properties at depressed prices through HUDs pre-foreclosure sale program. (citing United States v. Wey, No. Since 2015, Herskowitz has been implicated in at least two other schemes targeting borrowers in foreclosure in Florida and Queens. Aronov was the founder, Chief Executive Officer and President of defendants My Ideal Property Inc., My Ideal Propery Group LLC and MIP Management Inc., and also controlled other affiliated corporate entities that he allegedly established to help him fraudulently acquire residential properties. In 2012, Josh Altman, Matt Altman, and Heather Altman made their " I Sell the Dream" music video to benefit the . The complaint, unsealed Tuesday afternoon by U.S. District Judge Margo K. Brodie, alleges that Iskyo Aronov, Ron Borovinsky, Michael Konstantinovskiy and companies that they owned or controlled engaged in fraudulent short sales of residential properties insured by the Federal Housing Administration (FHA) of the United States Department of Housing and Urban Development (HUD). Have a question about Government Services? In support of his motion to dismiss the Indictment, Herskowitz argues that it provides constitutionally insufficient notice of the conduct for which the Government seeks to hold him criminally liable. Finally, the Court rejects Herskowitz's argument that Count One should be dismissed because he is not consistently identified as "one of those involved in the MIP Scheme." HUD, in turn, pays the lenders claim from federal funds. Konstantinovskiy, Dafna, Tarshish and Herskowitz were arrested this morning in New York, and will be arraigned this afternoon before United States Magistrate Judge Lois Bloom. 'Million Dollar Listing' Agent Has His Own New Listing Steve Gold of the Corcoran Group is selling his fully renovated loft on Wooster Street in SoHo. Although investors didnt know it, he was splitting from his wife, Yvonne. 1349 and 3551 et seq. NOTICE OF FILING OF OFFICIAL TRANSCRIPT of Proceedings as to Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish, Michael Herskowitz held on October 2, 2019, before Judge Margo K. Brodie. 'Million Dollar Listing New York' Gets Season 9 Premiere Date - and Its The Court denies the motion to dismiss because the Indictment tracks the statutory language of the charged crimes and provides sufficient notice of Herskowitz's alleged criminal conduct. We are proud to have partnered with the U.S. Attorneys Office for the Eastern District of New York in this case, said RobertManchak,special agent-in-charge, Federal Housing Finance Agency, Office of Inspector General. The governments complaint intervenes in a lawsuit originally brought by under thequi tam provisions of the FCA. In furtherance of the Exclusive Homes Scheme, Herskowitz "wired $239, 483.88 to the [mortgage loan] servicer in connection" with the short sale transaction to purchase 177 Lewis Avenue. Konstantinovskiy worked as an agent for My Ideal Property, where he allegedly conspired with others to fraudulently obtain properties. See which Bravo real estate agents are returning for more high-stakes drama in the newly released season 14 trailer. Then It Was Sold On Reality TV. These payments by HUD were artificially inflated as a result of the defendants fraudulent conduct," officials said. ISKYO ARONOV (also known as "Isaac Aronov") Age: 32 Miami, Florida Michael Konstantinovskiy (also known as "Michael Kay") Age: 33 Rego Park, Queens Tomer Dafna Age: 48 Great Neck, New York Avraham Tarshish (also known as "Avi Tarshish") Age: 40 Queens Village, New York Michael Herskowitz Age: 40 Brooklyn, New York E.D.N.Y. What to expect on this season of 'Million Dollar Listing' - New York Post David Noel Kelley (212) 698-3500. The wife of "Million Dollar Listing Los Angeles" agent Matt Altman was arrested for felony domestic violence earlier this month, Page Six has exclusively learned. United States Files Civil Fraud Suit Against Three Individuals and Their Business Was Featured On "Million Dollar Listing New York." They A locked padlock Under HUDs Pre-Foreclosure Sale Program, qualifying homeowners with defaulted, FHA-insured mortgages may sell their properties in a short sale for less than the balance of the mortgage if the sale is for the fair market value of the property. Odabi and his co-conspirators callously abused the trust of an elderly victim to line their pockets with millions in stolen cash, stated United States Attorney Peace. Brooklyn mortgage scam inflicts million-dollar damages to the FHA According to the indictment, between December 2012 and January 2019, the defendants conspired to defraud mortgage lenders, misleading them into approving short sale transactions at fraudulently depressed prices. Two of them also were released on bond, including Michael Herskowitz, a 40-year-old Brooklyn lawyer. https://brooklyneagle.com/articles/2021/01/06/feds-file-civil-suit-in-brooklyn-in-mortgage-fraud-case/, U.S. District Judge Margo K. Brodie of the Eastern District of New York. A lock ( A locked padlock Million Dollar Listing New York S03. Bedford Would Lose 41 Parking Spots In New Protected Bike Lane Plan, Bed-Stuy Fire That Killed Mom, 2 Girls Started In Kitchen: FDNY, Take better care of your bones Join HSS for a new webinar on 5/3, Office Share Near Grand Central- 1 to 4 days a week. Josh's co-stars James Harris and David Parnes also made the list after they sold the most expensive home in L.A. history at a whopping $120 million. [That] should have been a red flag, one real estate pro told The Post of the high-risk gamble. bishop mclaughlin catholic high school calendar; misterio quartz with white cabinets; pet friendly rentals in belgrade, mt; 24 June 2022 ~ how much does scott d henry make on tiktok. Feb. 13, 2012); United States v. Sampson, 898 F.3d 270, 282 (2d Cir. 28-28(a), 28(d)); and (2) Herskowitz "on behalf of [Aronov], wired approximately $238, 798 to a bank account designated by the [mortgage loan] servicer and approximately $153, 095 to Short Sale Co-Conspirator 2's bank account, both in connection with the short sale transaction" to purchase 2403 Dean Street, (id. "In turn, HUD paid the lenders claims for FHA insurance from federal funds. According to court documents, one couple lost $100,000 that was earmarked to aid an ill relative. Historical queries, urban legends, clarification on rumors let us do the research for you! Her work has appeared on NBC News shows, NBCNews.com, The Guardian, The Nation and Vice, among other outlets. The "groupings" are: (1) "[f]rom approximately December [of] 2012 through December [of] 2016, [Aronov, Konstantinovskiy and Tarshish], together with others, worked on fraudulent short sales coordinated by [Aronov] where the primary beneficiaries of the Short Sale Scheme were the owners of MIP," and (2) "[f]rom approximately January [of] 2014 through January [of] 2019, [Aronov, Tarshish, Dafna and Herskowitz], together with others, worked on fraudulent short sales where the primary beneficiaries of the Short Sale Scheme were [Dafna and Tarshish]." From "Mayor Adams wants to reassess New York's right to shelter. The "Million Dollar Listing Los Angeles" star and celebrity broker, 36, bought a famous manse in the coveted Flats neighborhood of Beverly Hills with an asking price of $9,200,000. While Brooklyn has become the epitome of cool and hip in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been uncool. Under the program, homeowners with defaulted, FHA-insured mortgagescan sell their properties in a short sale for less than the mortgages balance if the sale is fair for the market value. Email us at exclusive@the-sun.com or call 212 416 4552. As Tutor . 2005))); Coffey, 361 F.Supp.2d at 111 ("[T]he validity of an indictment is tested by its allegations, not by whether the Government can prove its case." years' imprisonment and a $1 million fine. in Supp. The proceeds from the short sale, less approved closing costs, are applied to the outstanding mortgage loan balance owed to the lender, who typically agrees to forgive the borrowers remaining mortgage loan balance. He was sentenced to six years in federal prison and will begin serving time by June 5. Isaac Aronov Profiles | Facebook [He] had more money than me. ) or https:// means youve safely connected to the .gov website. The defendants allegedly engaged in a scheme of wholesale deception when they provided false, misleading, and incomplete information to lending institutions, homeowners, and the Federal Housing Administration (FHA) causing millions of dollars in damages to the FHA, which typically results in higher premiums being charged to future first-time homeowners. Aronov wt al, 1:19-cr-00408 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. The suit is brought pursuant to the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). Amid the lingering effects of the mortgage crisis, Iskyo "Isaac" Aronov and his four partners located homeowners in rapidly gentrifying neighborhoods who owed more than they could pay. An indictment is to be "read 'to include facts which are necessarily implied by the specific allegations' therein." BuzzFeed News linked the group to nearly 240 homes. As alleged in the complaint, from at least 2013 through 2016, the defendants defrauded HUD by manipulating the short sale process to acquire residential properties from numerous distressed homeowners for below-fair market value prices in non-arms-length transactions. The complaint details 10 times between 2013 and 2016 that the men Iskyo Aronov, RonBorovinsky and Michael Konstantinovskiy preyed on homeowners hoping to avoid foreclosure by setting up fake "short sales" of their homes through a federal program. 19.) Meet the full cast for Bravo's Million Dollar Listing Los - MEAWW Contact Lukas Vrbka at tom.gara+lukasvrbka@buzzfeed.com. ISKYO ARONOV (also known as "Isaac Aronov") Middle Village, New York. Age: 40 Tyler Whitman of "Million Dollar Listing: New York" has experienced quite the transformation during his time on the hit reality series. ), In addition, the Indictment makes certain specific allegations regarding Herskowitz's involvement in the short sale transactions to purchase certain properties associated with both the MIP and Exclusive Homes Schemes as follows: (1) "on or about July 23, 2014, [Herskowitz] wired approximately $252, 755 to the [mortgage loan] servicer's bank account to satisfy the short sale payoff amount due" in connection with the short sale transaction to purchase 1219 Jefferson Avenue, (id. How Million Dollar Listing Sparked Tracy Tutor's Divorce - E! Online Viewers will get to see the big celebrity homes in the upcoming season of the reality show. Under the FCA, private citizens with knowledge of fraud against the government can bring a lawsuit on behalf of the United States and share in the recovery. Aronov: Company Services Retail Commercial Residential Resorts Third Party Management Insurance 3500 Eastern Boulevard, Montgomery, AL 36116 Mailing Address: P.O. Great Neck, New York, Avraham Tarshish (also known as Avi Tarshish) Million Dollar Listing: 10 Fakest Things About The Show, According To The Bravo reality star, 43, has been renting in LA since relocating from the East Coast in 2018; Getty Josh Altman of "Million Dollar Listing" poses at a showing. Herskowitz argues that because the factual allegations in the Indictment make clear that "he was not one of those [Defendants] involved in the MIP Scheme," (Def. 28, 28(d), 32, 32(f)), the Indictment also states that Aronov, Konstantinovskiy, and Tarshish, "together with others, worked on fraudulent short sales coordinated by Aronov," to the primary benefit of MIP, (Ind. What makes their alleged crimes even more egregious was their artificial devaluation of properties that, when resold or flipped, resulted in large profits. 19, 28, 28(d), 32, 32(f). 74, 78 (2d Cir. After the sale is approved, HUD covers the outstanding mortgage balance,plus approved costs and interest, using federal funds. They would also be forced to forfeit any property obtained through their alleged offenses, according to the indictment. We are proud to have partnered with the U.S. Attorneys Office for the Eastern District of New York in this case, stated FHFA-OIG Special Agent-in-Charge Manchak. Have a question about Government Services? Tracy Tutor Re-Creates Josh Altman's I Sell the Dream Music Video Million Dollar Listing New York would be nothing without Steve Gold, something the ladies would probably agree on. 1349 and 3551 et seq. Prosecutors this week said Aronov and his team, which controlled every aspect of the short-selling process, traded on false, misleading and incomplete information, lying to the government and to lenders like Fannie Mae and Freddie Mac, failing to disclose unauthorized payments and their business relationships. (citing United States v. Messina, No. Each show chronicles the professional and personal lives of real estate agents based in a major American city as they sell high-end properties, giving viewers an inside look at the world of high-priced real estate. (Id. Brooklyn NY 11201, Telephone: 718-254-7000 2018) ("[A] court cannot test the sufficiency of the government's evidence on a Rule 12(b) motion."). R. Crim. Assistant United States Attorney Shannon C. Jones is in charge of the prosecution. Lukas Vrbka is an independent reporter and researcher based in Brooklyn. This case is distinguishable from United States v. Gabriel, in which the court granted defendants' motion to dismiss one of three conspiracy counts charged in the indictment as barred by the statute of limitations. An indictment was unsealed today in federal court in Brooklyn charging Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish and Michael Herskowitz . at 757 ("[I]t is not necessary to allege facts with technical precision, but rather, to outline the essential elements [required by Rule 7(c)(1)]."). ("Counts One and . The Federal Housing Finance Agency, Office of Inspector General (FHFA-OIG) is committed to holding accountable those who waste, steal, or abuse the resources of the Government-Sponsored Enterprises regulated by FHFA. Million Dollar Listing News, Pictures, and Videos - E! Online 18. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. Here, the defendants fraudulently manipulated the short sale process by transferring properties for prices well above the short sale prices, and failing to disclose this to the mortgage lenders and servicers. The four other men were arraigned in Brooklyn. 'Million Dollar Listing New York' Canceled on Bravo - Variety on Sept. 19. 11). (Gov't Opp'n to Def. 1083 LAFAYETTE AVE. LLC. DAlessio was ordered to pay $58,090,047 in restitution and must forfeit all holdings purchased with funds from the scam. In some cases, homeowners said the investors got them to sign over the deeds to their homes before the sales went through, claiming it was a normal part of the short-sale process. Email address: drroyofcr@gmail.com. Accordingly, the Court denies Herskowitz's motion to dismiss Counts Two, Four, Six, and Seven. \ 19), and specifically alleges that Herskowitz was involved in the purchase of 1219 Jefferson Avenue and 2403 Dean Street, (id. Between 2015 and 2018, they said, he also used other peoples money to fund his luxe lifestyle and to cover millions of dollars in casino gambling losses. (citation omitted)). ATL. 's Mot"), Docket Entry No. Aronov 2015) ("At trial, the [government must prove that [the] [d]efendant knowingly and willfully became a member of the conspiracy. 183.). (See Ind. The act also permits the government to intervene in such actions, as the government has done in this case. 498, 506 (S.D.N.Y. (Id. However, both Million Dollar Listing series don't appear to be slowing down any time soon. Ask anything about Brooklyn. BuzzFeed News found at least 12 lawsuits in which borrowers said they had been deceived by the group. New York state also passed legislation this year meant to better protect homeowners who had been the target of predatory investment or fraud. provisions of the FCA. The Future of Million Dollar Listing. Aronov was arrested in Florida, and will appear this afternoon for a removal hearing at the federal courthouse in Miami. In the mortgage scam, the men, under a company called My Ideal Property Group, manipulated the short sale so they were controlling almost every step of the process, prosecutors said. Steve Gold Wiki: Net Worth, Age, Real Estate & Facts to Know Age: 48 Million Dollar Listing's Fredrik Eklund splashes out $7M on 5-bed, 8 Aronov appeared in court in Miami and his bond was set at $500,000, according to court papers. 2004) (defining wire fraud). Updated Jun 15, 2022 at 12:02am. The case is being handled by the Office's Business and Securities Fraud Section. Then, with the original owners gone, the partners performed fast gut renovations, installing modern fixtures and marble counters, and resold the homes for north of a million dollars. Fax Line: 718-254-7508. On Aug. 30, he was arrested in his Upper East Side home, where law enforcers found a firearm and $44,000 in cash. Borovinsky identified himself as a co-founder with Aronov of My Ideal Property. 11-CR-31, 2012 WL 463973, at *4 (E.D.N.Y. Rego Park, Queens, Tomer Dafna The Untold Truth Of Million Dollar Listing - YouTube Million Dollar Listing - Wikipedia Aronov appeared in court in Miami and his bond was set at $500,000, according to court papers. Two of them also were released on bond, including Michael Herskowitz, a 40-year-old Brooklyn lawyer. Two years ago, BuzzFeed News revealed how this group of investors turned properties on the brink of foreclosure into million-dollar listings sold on the reality TV show Million Dollar Listing New York. With regard to Counts Two, Four and Seven, Herskowitz contends that "the Indictment alleges only that [he] wired payoff and/or proceeds funds at the closing after all the arrangements for the sale had been made by others," but does not indicate that "he participated in or even that he was told of the short sale arrangements - instead, the allegations are that he simply showed up at the closing and conducted funds transfers as any closing agent would." On today's episode of Just the Sip, Million Dollar Listing Los Angeles star Tracy Tutor revealed how her reality TV career indirectly played a part in her divorce from Jason Maltas. (citing 132 (f)). United States v. Aronov, 19-CR-408 (MKB) - Casetext The Untold Truth Of Million Dollar Listing - TheList.com United States v. Stringer, 730 F.3d 120, 124 (2d Cir. U.S. Attorney's Office, Eastern District of New York, Real Estate Professionals Allegedly Conspired to Purchase Real Estate at Fraudulently Depressed Short Sale Prices, Costing Mortgage Loan Holders Millions of Dollars, Five Defendants Indicted in Mortgage Fraud Scheme, Georgia Man Indicted for Scheme to Defraud Elderly Suffolk County Victim of More Than $5 Million, Member of 5-9 Brims Gang Convicted of Brooklyn Murder, Former Investment Banker and Registered Broker Charged with Operating Cryptocurrency Investment Fraud Scheme. 's Mem. ), Herskowitz argues that Counts Two, Four, Six and Seven should be dismissed because the factual allegations do not support his involvement in the Exclusive Homes Scheme. These five individuals allegedly engaged in a scheme of wholesale deception when they provided false, misleading, and incomplete information to lending institutions, borrowers, and the Federal Housing Administration (FHA) causing millions of dollars in damages to the FHA, which typically results in higher premiums being charged to future first-time homeowners, stated HUD-OIG Special Agent-in-Charge Scaringi. Million Dollar Listing 's Matt Altman Spotted Out With Wife After Her Domestic Violence Arrest August 18, 2022 Wife of Million Dollar Listing 's Matt Altman Arrested and Charged with Domestic. (Id. 36-42, Docket Entry No. The Indictment provides a detailed overview of the MIP and Exclusive Homes Schemes, (see Id. 2017). I need the fking money! recalled the insider. A lock ( In May 2018, he filed Chapter 7 bankruptcy, sending eight of his properties into foreclosure. These payments by HUD were artificially inflated as a result of the defendants fraudulent conduct. [1] United States Files Civil Fraud Suit Against Three Individuals and Under a company called My Ideal Property Group, the men pushed the scam to homeowners behind on their mortgage payments or facing foreclosures. Removal Hearing set for 9/11/2019 10:00 AM in Miami Division . 's Mem. Docket No. Luis D. Ortiz released a lengthy statement on his Instagram page on Thursday following the news that Johnny Depp had won his defamation case against ex-wife Amber Heard, who claimed to be a survivor of . Amid the lingering effects of the mortgage crisis, Iskyo Isaac Aronov and his four partners located homeowners in rapidly gentrifying neighborhoods who owed more than they could pay. United States Attorneys Office (Def. If Brooklyn were an independent city it would be the fourth largest city in the United States. RON BOROVINSKY Hollis Hills, New York. Not only does the Indictment provide specific factual allegations in support of Herskowitz's involvement in the MIP Scheme through his assistance with the purchase of 1219 Jefferson Avenue and 2403 Dean Street as discussed above, (see Ind. Million Dollar Listing Los Angeles has undergone a cast shakeup. Court Reporter/Transcriber David R. Roy, Telephone number (718) 613-2609. Have an opinion? But while some viewers may be thinking that the people in the background during parties and open houses are real, it seems like they have been hired. Flagg has about ten luxury cars in his kitty, including a 1960 Rolls Royce Cloud II convertible. And those deals looked solid by association. The four other men were arraigned in Brooklyn. Free and open company data on Florida (US) company VC FL FUND LLC (company number L21000114994) The Real Reason Fredrik Eklund Left Million Dollar Listing 2019) (defining bank fraud). We are always seeking enthusiastic team members to help enhance and enlarge our content for and about Brooklyn. In addition, the artificial devaluation of residential properties will slow the recovery of market values at a time of economic challenge when affordable housing is at a premium, stated HUD-OIG Special Agent-in-Charge Scaringi. 19-CR-0408,, Full title:UNITED STATES OF AMERICA, v. ISKYO ARONOV, MICHAEL KONSTANTINOVSKIY, TOMER, Court:UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK. See Stringer, 730 F.3d at 124 ("An indictment 'need not be perfect, and common sense and reason are more important than technicalities.'" (Id.) The asking price is $9.995 million.. 2.6 1491. Now, Gold is back on the screen, as Million Dollar Listing New York season 7 airs on June 12.. Steve Gold on Million Dollar Listing New York has turned a lot of heads, and fans of the show . Returning for season 13 are powerhouse agents: Josh Flagg, Josh Altman, Tracy Tutor, James Harris and David Parnes. of Def. 1992) ("[Precision and proper notice to the defendant cannot be sacrificed for the sake of brevity, but common sense must control, and '[a]n indictment must be read to include facts which are necessarily implied by the specific allegations made.'" UNITED STATES OF AMERICA, v. ISKYO ARONOV, MICHAEL KONSTANTINOVSKIY, TOMER DAFNA, AVRAHAM TARSHISH, and MICHAEL HERSKOWITZ, Defendants. Join our team! Million Dollar Listing is an American reality television series franchise on the Bravo network. (quoting United States v. Silverman, 430 F.2d 106, 111 (2d Cir. Pursuant to HUDs Pre-Foreclosure Sale Program, qualifying homeowners with defaulted, FHA-insured mortgages may sell their properties in a short sale for less than the balance of the mortgage if the sale is for the fair market value of the property. As a result, the Second Circuit "ha[s] consistently upheld indictments that do little more than to track the language of the statute charged and state the time and place (in approximate terms) of the alleged crime." 9, 14.) He was taking care of everybody. For starters, Million Dollar Listing LA star Josh Flagg made the Hollywood Reporter 's Top 30 L.A. The series is a spinoff of "Million Dollar Listing Los Angeles," which premiered on Bravo in 2006. Love Brooklyn? Four men including two from Queens were indicted Tuesday for conspiracy to commit wire fraud and bank fraud in connection to an alleged scheme to defraud mortgage lenders. The Government opposes the motion. It alleges that Herskowitz: (1) "knowingly and intentionally conspire [d]" to "defraud the Short Sale Victims, which included financial institutions, and to obtain money and property from them by means of one or more materially false and fraudulent pretenses, representations and promises," and in executing the scheme, "cause[d] to be transmitted by means of wire communication in interstate and foreign commerce writings, signs, signals, pictures and sounds, contrary to Title 18, United States Code, Section 1343"; and (2) conspired "to defraud one or more financial institutions, and to obtain moneys, funds, credits and other property owned by such financial institutions, by means of one or more materially false and fraudulent pretenses contrary to Title 18, United States Code, Section 1344." Age: 40 (Gov't Opp'n 10.) As alleged in the complaint, from at least 2013 through 2016, the defendants defrauded HUD by manipulating the short sale process to acquire residential properties from numerous distressed homeowners for below-fair market value prices in non-arms-length transactions. Brookly, NY Real Estate Scheme, Predatory Lending and - LOSTMESSIAH
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