iskyo aronov million dollar listing

Official websites use .gov 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. (Def. Flagg lives in a $7 million mansion in Beverly Hills with his husband Bobby Boyd. 14.) R. Crim. The case is being handled by the Offices Business and Securities Fraud Section. 725 MANAGEMENT LLC. A lock ( (See Ind. featured on the reality TV show Million Dollar Listing New York. in Supp. Indictments must contain both "a plain, concise, and definite written statement of the essential facts constituting the offense charged" and a "citation of the statute, rule, regulation, or other provision of law that the defendant is alleged to have violated." Herskowitz is charged in five counts of a seven count Indictment - Count One (the MIP Scheme), Count Two (the Exclusive Homes Scheme), (see Id. The Indictment also charges Herskowitz with substantive wire fraud counts for wire transfers associated with the purchase of 1219 Jefferson Avenue, 2403 Dean Street, and 177 Lewis Avenue. ), The Indictment was unsealed by order dated September 12, 2019. The series is a spinoff of "Million Dollar Listing Los Angeles," which premiered on Bravo in 2006. RON BOROVINSKY Hollis Hills, New York. 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. I felt bad for him, said the real estate pro. iskyo aronov million dollar listing patton development company. What makes their alleged crimes even more egregious was their artificial devaluation of properties that, when resold or flipped, resulted in large profits, said Special Agent in Charge Christina Scaringi of the US Department of Housing and Urban Developments Office of Inspector General, one of several agencies involved in the investigation. He paid a $281,000 settlement in the Florida case and pleaded guilty to a disorderly conduct violation in the second. (Id. (Ind. 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. On Monday, Fredrik Eklund of Douglas Elliman announced on Instagram that he was leaving Bravo 's Million Dollar Listing New York and Million Dollar Listing Los Angeles after 11 seasons.. This is sufficient under Rule 7 and controlling caselaw. (Id. 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.'" Fed. Million Dollar Listing's Fredrik Eklund splashes out $7M on 5-bed, 8-bath mansion in Beverly Hills. 1349 and 3551 et seq. Million Dollar Listing is an American reality television series franchise on the Bravo network. New York Citys most populous borough, Brooklyn, is home to nearly 2.6 million residents. See Raniere, 384 F.Supp.3d at 300 ("[Arguments which concern the sufficiency and/or truth of the allegations in the [c]omplaint, raise factual questions not appropriate for decision on a pretrial motion to dismiss." (718) 254-6323. Key measures of price and wage growth remain high, report shows. (Gov't Opp'n to Def. Miami, Florida, Michael Konstantinovskiy (also known as Michael Kay) Michael Konstantinovskiy (also known as "Michael Kay") Age: 33 Rego Park, Queens. 's Reply in Supp. 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. Read more of today's breaking news, here. Assistant United States Attorney Tanisha Payne of the Offices Civil Division is handling forfeiture matters. However, the [government is not required to include in the indictment detailed allegations regarding a defendant's knowledge of a conspiracy." 498, 506 (S.D.N.Y. A .gov website belongs to an official government organization in the United States. 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. An indictment was unsealed today in federal court in Brooklyn charging Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish and Michael Herskowitz with conspiracy to commit wire fraud and bank fraud, and related wire fraud counts, in connection with a scheme to defraud mortgage lenders, including the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and borrowers. 1021 B HOLDINGS LLC. 's Mem. 18. 1343 (2008); see also Fountain v. United States, 357 F.3d 250, 252 (2d Cir. 28(d), and likewise, with respect to 2403 Dean Street, he is only "alleged to have wired the payoff amount and sale proceeds to two bank accounts on the date of closing," (id. As Tutor . ff 32, 32(f)). In early 2018, 14 individuals and four companies filed civil suits accusing DAlessio of fleecing them. 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. If 25 (emphasis added)). Ryan Serhant, of Million Dollar Listing New York fame, was the broker on at least one of DAlessios projects. Flagg has about ten luxury cars in his kitty, including a 1960 Rolls Royce Cloud II convertible. Have a question about Government Services? For the reasons set forth below, the Court denies Herskowitz's motion to dismiss the Indictment. What makes their alleged crimes even more egregious was their artificial devaluation of properties that, when resold or flipped, resulted in large profits. The act also permits the government to intervene in such actions, as the government has done in this case. Aronov, Dafna, Konstantinovskiy and Tarshish all worked for real estate companies and Herskowitz was a New York real estate attorney at the time of the alleged scheme. 2019) ("[T]he court must assume that the [i]ndictment's allegations are true for the purposes of a motion to dismiss.'" 74, 78 (2d Cir. The home. If that property cant be easily forfeited for instance, if a house has been resold theyll have to give up other assets. I asked DAlessio about it and he said that everything is always for sale, the insider said. He hung up on me.. He was taking care of everybody. I couldnt figure out how he made money, said the insider. I figured he knows what hes doing.. Age: 33 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. Fax Line: 718-254-7508. Accordingly, the Court denies Herskowitz's motion to dismiss Counts Two, Four, Six, and Seven. (Ind. This Office will Eastern District of New York An official website of the United States government. Josh Altman, coming through with some major info on the upcoming season 14 of Bravo hit show . Ask anything about Brooklyn. From December 2012 to January 2019, Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish and . (Id.) ), 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. Make your practice more effective and efficient with Casetexts legal research suite. Like us on Facebook at www.facebook.com/TheSunUS and follow us from our main Twitter account at @TheSunUS MARGO K. BRODIE, UNITED STATES DISTRICT JUDGE. Families with children account for 61% of New York Citys unhoused people, or 34,456 of 56,334 total, according to thedaily census. If a homeowner obtains approval for a short sale, the lender releases the mortgage after the short sale and submits an FHA insurance claim to HUD to cover the outstanding mortgage balance net of the short sale proceeds, plus approved costs and interest. The scheme, which centered on the neighborhood of Bedford-Stuyvesant, was first laid out in a BuzzFeed News investigation. Have an opinion? 2018) (rejecting defendants' argument that "the indictment is deficient" for failing to "allege any facts to support its contention" that defendants knowingly made false representations to their respective universities regarding violations of NCAA rules, because the indictment sufficiently put defendants on notice of the criminal conduct alleged and the defendants' arguments otherwise amount to premature challenges to the sufficiency of the evidence). 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. Since 2015, Herskowitz has been implicated in at least two other schemes targeting borrowers in foreclosure in Florida and Queens. HUD, in turn, pays the lenders claim from federal funds. Accordingly, the Court finds that the Indictment is constitutionally sufficient and further finds that the inconsistency identified by Herskowitz is not sufficient to warrant dismissal of Count One, nor the related substantive counts of wire fraud charged in Counts Four and Seven. Konstantinovskiy worked as an agent for My Ideal Property, where he allegedly conspired with others to fraudulently obtain properties. 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, HUD-OIG Special Agent-in-Charge Scaringi said. "In turn, HUD paid the lenders claims for FHA insurance from federal funds. 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. The United States filed a civil complaint against three New York men accused of running a years-long mortgage scheme that defrauded the government's housing agencies, the United States Attorney for the Eastern District of New York announced. 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." (Def. The partners negotiated with banks to let the property go for far less than market rate, a process known as short selling. (quoting De La Pava, 268 F.3d at 162)). Lock Their Home Was In Foreclosure. 175-1.) He also owns the largest collection of Billy Haines' furniture in the world. 9, 14.) The act also permits the government to intervene in such actions, as the government has done in this case. 18-25), and alleges that "[d]uring different and sometimes overlapping periods of time, various groupings of [Defendants] worked together in the [Short Sale Schemes], (id. ISKYO ARONOV (also known as Isaac Aronov) to Dismiss ("Def. Fax Line: 718-254-7508. Before the Court is a motion by defendant Iskyo Aronov (Aronov), pursuant to CPLR 3211(a)(7), for an Order dismissing plaintiff's Complaint on the basis that he cannot be held personally liable for plaintiff's injuries inasmuch as the Property, where plaintiff allegedly fell, [*2]was owned by co-defendant REDF Equities LLC (REDF), a valid New . 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. 's Mot.,, Docket Entry No. See which Bravo real estate agents are returning for more high-stakes drama in the newly released season 14 trailer. The Government opposes the motion. The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals and multiple companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government. (quoting United States v. Silverman, 430 F.2d 106, 111 (2d Cir. 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. 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. The scam in Monday's lawsuit caused millions of dollars in damages to the Federal Housing Administration since the men would file false or. The Indictment provides a detailed overview of the MIP and Exclusive Homes Schemes, (see Id. Celine Byford. Another alleged co-conspirator was arrested in Florida. 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. For starters, Million Dollar Listing LA star Josh Flagg made the Hollywood Reporter 's Top 30 L.A. Avraham Tarshish (also known as "Avi Tarshish") Age: 40 Queens Village, New York. As alleged, these defendants fraudulently obtained homes at depressed prices at the expense of a taxpayer-funded program designed to assist borrowers seeking the American Dream of home ownership, stated Acting U.S. Attorney for the Eastern District Seth DuCharme. As for Steve Gold, the realtor set a brand new Husdon Yards . 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. The Million Dollar Listing Los Angeles season 14 airs on Thursday and will be even bigger than before. 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. 10:01:36. 28, 28(d), 32, 32(f)), in addition to 177 Lewis Avenue, (id. The homes sold through the scam include nine in Brooklyn including three in Bed-Stuy and two in Bushwick and one in Queens Village, documents show. See, e.g., United States v. Aronov, No. 18.) Together with our partners in law enforcement, we have disrupted a scheme to defraud Fannie Mae and Freddie Mac. United States Attorneys Office He considers his cars as his most prized possessions. 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. Investors had no idea what was going on, although the insider grew more suspicious when he saw a for sale sign outside a building in the East 60s a property he had invested in. The individual defendants used various corporate entities in furtherance of the fraudulent scheme. Getty Josh Altman of "Million Dollar Listing" poses at a showing. On Aug. 30, he was arrested in his Upper East Side home, where law enforcers found a firearm and $44,000 in cash. (Id. One of Michael DAlessios property investments on the Upper East Side at 227 East 67th St. Michael DAlessios property investments on the Upper East Side, at 145 147 East 62nd St. 2023 NYP Holdings, Inc. 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The charges in the indictment are allegations, and the defendants are presumed innocent unless and until proven guilty. The Indictment alleges that Herskowitz engaged in conspiracies to defraud lenders and certain borrowers (collectively, the "Short Sale Victims") "by providing them with false, misleading, and incomplete information to induce them to execute short sales at fraudulently depressed prices, causing losses to the lenders and, at times, the borrowers" (the "Short Sale Schemes"). The US government is going after three New York men who allegedly purchased homes at depressed prices at the expense of a taxpayer-funded program, the United States Attorney for the Eastern District of New York announced. 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. If convicted, the defendants each face a maximum of 30 years imprisonment and a $1 million fine. Join Facebook to connect with Isaac Aronov and others you may know.
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