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Arthur Schwartz

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Feds: Fort Lee Man Conned Lender Out Of $780,000 Feds: Fort Lee Man Conned Lender Out Of $780,000
Feds: Fort Lee Man Conned Lender Out Of $780,000 A 78-year-old Fort Lee man could face time in federal prison after a grand jury charged him with conning a lender into giving him $780,000 to repay a debt that he instead put toward a 12th-floor apartment in a high-rise overlooking Washington Heights. Arthur Schwartz told the victim he had the funds to repay a short-term loan but that his bank had temporarily blocked access to his account. The lender “agreed to extend the loan to Schwartz due and payable in 30 days,” U.S. Attorney Craig Carpenito said. “Schwartz used the money to purchase the apartment.” For a couple of months, Schwartz “m…

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by Jerry DeMarco