Fog/Mist 35°
Tag:

The Westchester Bank

News
Investors In Fairfield County Seek $17M From Developer In Fraud Suit Investors In Fairfield County Seek $17M From Developer In Fraud Suit
Investors In Fairfield County Seek $17M From Developer In Fraud Suit More investors from Westchester and Connecticut are demanding at least $17 million in damages and a court order stopping White Plains developer Michael D’Alessio and Michael Paul Enterprises from selling or transferring properties. They claim he misappropriated their funds on housing projects in Scarsdale and Manhattan. D’Alessio and his enterprises carried out a massive scheme to defraud them, investors allege in three lawsuits filed in Westchester Supreme and County Court. The Westchester Bank also sued, demanding $881,000 on a $1 million loan D’Alessio took out in 2015, according to new…

SHARE

by Jon Craig