NYC’s ‘Madoff of landlords’ defaults on $170M loans, faces foreclosure on 35 Manhattan properties: suits
Business,New York City,New York,Housing And Homelessness,Manhattan,Banking And Finance
From the Right
AllSides Media Bias Rating: Lean Right
New York City’s “Bernie Madoff of landlords” has defaulted on nearly $170 million in loans — and is facing foreclosure on a whopping 35 or so Manhattan properties, new court records show.
Steven Croman, a longtime notorious landlord and convicted fraudster — who did a stint on Rikers Island more than a decade ago — is facing another reckoning, but this time in civil court.
A bevy of lawsuits filed recently filed against Croman in Manhattan Supreme Court claim he is in default on $168 million worth of real estate loans...
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