One of the fastest-rising stars in the world of New York real estate hit the bottom when he was sent to prison for stealing from his colleagues, friends, and relatives to live the wealthy lifestyle to which he had become accustomed, New York Criminal Lawyers have learned.
The 39-year-old real estate executive will have to serve at least two years and eight months, which could end up being as much as eight years. He was also ordered to pay $9.5 million in restitution. The executive made a name for himself during the boom years of commercial real estate, sources tell New York Criminal Lawyers.
He lived a life of luxury, including private jets and a cocaine habit, which led him to spend $35 million dollars in a buyout. This turned out to be money he did not have, his attorney told a New York Criminal Lawyer.
The executive swindled more than banks. His family and friends also suffered from his criminal activity. From these sources, he got more than $17 million in loans and investment capital. He forged documents to misrepresent the extent of his assets or to lie about deals he was undertaking. Once caught, he pleaded guilty to 18 counts of grand larceny and scheming to defraud investors.
No matter what the crime or what the circumstances, it is your right to be represented in a court of law if accused of criminal activity. Your representation should be a New York Criminal Attorney. No matter what you plead or how you see the case developing, a New York Criminal Lawyer can guide the case to a fair resolution.
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