NYC Landlord Gets Year In Jail, $5M Penalty For Tax Fraud
Law360, New York (October 4, 2017, 5:52 PM EDT) -- New York City landlord Steven Croman was sentenced Tuesday to one year in jail at Rikers Island and a $5 million settlement after he admitted to fraudulently refinancing loans and committing tax fraud as part of a scheme to push out tenants from rent-stabilized apartments, according to New York State Attorney General Eric Schneiderman's office.
Croman, who owns more than 140 apartment buildings across Manhattan, pled guilty in June to third-degree grand larceny, first-degree falsifying business records and fourth-degree criminal tax fraud, all felonies. As part of his plea, he must pay a $5 million tax settlement, Schneiderman’s office said. He...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!