ff 32, 32(f)). But the checks arrived like clockwork even as it seemed too good to be true. He said he had officially hit "rock bottom" after almost passing out at a Phish concert in 2015. 'Million Dollar Listing' Agent Has His Own New Listing See United States v. Velastegui, 199 F.3d 590, 592 n.2 (2d Cir. Further, with respect to 1219 Jefferson Avenue, "the only mention of [him] is that he participated in the closing by wiring the loan payoff amount to the servicer's bank account," (id. Box 235000, Montgomery, AL 36123-5000 For starters, Million Dollar Listing LA star Josh Flagg made the Hollywood Reporter 's Top 30 L.A. He hosted friends at his $13 million home in Water Mill, LI, to play tennis and feast on meals cooked by his private chef. Bond recommendation/set: Iskyo Aronov (1) $500,000.00 w/10% w/Nebbia. 139.) Assistant United States Attorney Shannon C. Jones . 183.). 128(c)). BuzzFeed News linked the group to nearly 240 homes. 2011); then citing 1-19 Modern Federal Jury Instructions-Criminal 19.01; then citing Wong Tai v. United States, 273 U.S. 77, 81 (1927); and then citing United States v. Wydermyer, 51 F.3d 319, 325-26 (2d Cir. on Sept. 19. The reality star has been spending most of her time selling LA mansions since season 12 wrapped. 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 9845 86. Collectively & continuously publishing for more than 400 years. 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. Feds file civil suit in Brooklyn in mortgage fraud case The home. Aronov and Konstantinovskiywere also charged in 2019. Looking for work in Brooklyn with a A casting notice in 2015 shows that the . 2017). Follow Eddie to the Hillside Dog Park i, Lovely weather (4 degrees above normal) brought, DUMBO Thursday afternoon at 3 p.m. is the d, Its hard to imagine an elevated cocktail bar, Click here for the latest Coronavirus news, GOV. The Indictment provides a detailed overview of the MIP and Exclusive Homes Schemes, (see Id. ), The Indictment was unsealed by order dated September 12, 2019. 1 pgs Minute Order for proceedings held before Magistrate Judge Edwin G. Torres: Initial Appearance in Rule 5 (c) (3)/Rule 40 Proceedings as to Iskyo Aronov held on 9/10/2019. (quoting United States v. Gonzalez, 686 F.3d 122, 127 (2d Cir. Our daily newsletter is FREE and keeps you up to date with the world of mortgage. Fed. 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. Under the federal program, homeowners with defaulted mortgages that are insured by the Federal Housing Administration can sell their properties in a "short sale" for less than the balance of the mortgage if the sale is for fair market value. 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. 1970), cert, denied, 402 U.S. 953 (1971)), and there is no express contradiction between the Indictment's broader allegations regarding Herskowitz's involvement in the MIP Scheme and the factual allegations in support of this larger claim. Dog Owner? He said he would cut back by no longer going to his golf club, recalled the real estate pro, who lost around $70,000. 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. Prosecutors described a Ponzi scheme in which DAlessio used money from new investors to pay off established ones. richest million dollar listing los angeles mdlla star josh flagg net Herskowitz also argues that the "allegations do not show that his participation in the closings was with any kind of guilty knowledge," and instead the "factual detail in the Indictment negates any inference of even an implicit understanding [of the conspiracy]" by making clear that he "was a closing agent and nothing more, who was used by his co-Defendants rather than being a partner in crime with them." Submit your question here. The program requires what's known as an "arm's length transaction," or that the seller and buyer aren't related or affiliated with one another. (Indictment ("Ind.") at 506. (Gov't Opp'n 11.). 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. Million Dollar Listing: 10 Fakest Things About The Show, According To The Untold Truth Of Million Dollar Listing - TheList.com HOCHUL FACES NEW NOMINATION AFTER HISTORIC REJECTION, RULING ALLOWS SOME POT DISPENSARY LICENSES IN NY TO GO AHEAD, 1-STORY PRODUCE MARKET TO BE DEMOLISHED IN BROOKLYN HEIGHTS. Brooklyn mortgage scam inflicts million-dollar damages to the FHA The Million Dollar Listing Los Angeles season 14 airs on Thursday and will be even bigger than before. iskyo aronov million dollar listingronaldo vs modric stats 2018. In contrast, the Indictment alleges that Herskowitz assisted in the MIP Scheme and includes particularized allegations regarding his involvement in the short sale transaction to purchase 1219 Jefferson Avenue and 2403 Dean Street to support this broader allegation. I couldnt figure out how he made money, said the insider. 19)), and that although "the [Government will present evidence explaining how [Herskowitz's] conduct is part of the charged crimes [at trial]," the Indictment is not required to provide the Government's evidence or specify the facts the Government plans to use to establish his guilt, (id.). It's no secret that Josh's wife is incredibly successful when it comes to real estate, but there is one thing . And those deals looked solid by association. Brooklyn NY 11201, Telephone: 718-254-7000 Three Stars Are Now Leaving 'Million Dollar Listing: LA,' Three Others (Def. On April 29, 2019, a grand jury returned an indictment against Defendants Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish, and Michael Herskowitz, charging them with conspiracy to commit wire and bank fraud in violation of 18 U.S.C. Aronov and Konstantinovskiywere also charged in 2019. The US Attorneys Office for the Eastern District of New York charged the men with conspiracy to commit wire fraud and bank fraud. Middle Village, New York, MICHAEL KONSTANTIOVSKI Five Defendants Indicted in Multi-Million Dollar Mortgage Fraud Scheme 498, 506 (S.D.N.Y. 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. As Tutor . As a result, defendants not only acquired the properties for below-fair market value prices, but obtained broker fees in the transactions and induced lenders to release the FHA-insured mortgages at a loss. 1344 (1990); see also United States v. Calderon, 944 F.3d 72, 91 (2d Cir. The Government is not required in the Indictment to present the evidence through which it will prove Herskowitz knowingly conspired to facilitate the MIP Scheme when he assisted in the relevant short sale transactions. Many of the affected mortgage loans were insured by the Federal Housing Administration, or owned or guaranteed by Fannie Mae or Freddie Mac. R. Crim. As one of the franchise's original cast members, Fredrik was a huge part of Million Dollar Listing's success. 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. 1178 GATES AVE. INC. 2320 BAEUMONT AVE UNIT 3D LLC. From "Mayor Adams wants to reassess New York's right to shelter. 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. These allegations alone are sufficient to satisfy Rule 7(c). 2019) (defining bank fraud). In turn, HUD paid the lenders claims for FHA insurance from federal funds. And for the first time . (Gov't Opp'n to Def. The Government opposes the motion. 74, 78 (2d Cir. That may be a good thing for the borrowers, said Catherine Isobe, senior staff attorney at Brooklyn Legal Services, who has worked on foreclosure cases for years. 2013) (quoting United States v. De La Pava, 268 F.3d 157, 162 (2d Cir. 25). Aronov was arrested in Florida, and will appear this afternoon for a removal hearing at the federal courthouse in Miami. The act also permits the government to intervene in such actions, as the government has done in this case. In October 2020, the mother of two sold a waterfront property in Laguna Beach for $14.25 million. ("Counts One and Two"), and substantive counts of wire fraud related to specific transactions in violation of 18 U.S.C. ("Def. 18.) Pursuant to Rule 12(b)(3)(B) of the Federal Rules of Criminal Procedure, a defendant may move to dismiss an indictment for various defects, including "a failure to state an offense." 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. (Ind. Brooklyn NY 11201, Telephone: 718-254-7000 The "New York" version made its debut in 2012 and ran for nine seasons. L.A. real estate agent Tracy Tutor has listed a lot of homes on Million Dollar Listing Los Angeles, and in 2019 she repped a very special property: her own. 1999); United States v. Raniere, 384 F.Supp.3d 282, 292 n.l (E.D.N.Y. The suit is brought pursuant to the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). I need the fking money! recalled the insider. The men face up to 30 years in prison and a $1 million fine if convicted in the federal case. '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. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. 41-42) - for his involvement in specified financial transactions alleged to have been undertaken in furtherance of the MIP and Exclusive Homes Schemes. 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.