NYC Condo Board Hits Developers With $153M RICO Suit

Law360, New York (August 7, 2012, 5:16 PM EDT) -- The condo board for a 23-story tower in the Dumbo neighborhood of Brooklyn, N.Y., last week hit the building's sponsors, architects and engineers with a $153.5 million racketeering lawsuit claiming they covered up nearly 100 fire and safety violations in order to obtain a certificate of occupancy.

Brooklyn developer Jeshayahu Boymelgreen, 85 Adams Street Managers LLC, architect John A. Cetra and a host of other entities affiliated with the Beacon Tower allegedly misrepresented the building's condition in marketing materials and continued to rely on those materials...
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