Find Your Daily Voice
Franklin Township
Somerset
Franklin Park
Your Local News for Franklin Township, Somerset and Franklin Park
Wednesday, dec 4
38°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Events
Real Estate
Tags
Jobs
Shop
Support Us
Franklin Township
Somerset
Franklin Park
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Events
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
38°
Wednesday, dec 4
Tag:
Charlie L. Divine
News
Feds: Teaneck Owner Of 70 Multi-Family Properties Admits $150M Bank Fraud Scheme
A Teaneck landlord admitted in federal court this week that he orchestrated a $150 million bank and securities fraud scheme that lasted nearly 10 years. Seth Levine, 52, told a U.S. District Court judge in Newark via teleconference that he and others pocketed cash they received by illegally refinancing 70 multi-family buildings containing nearly 2,500 apartments. Levine said he lied on refinancing applications about the rents collected, the number of apartments leased, expenses and the true owners of the complex, Acting U.S. Attorney for New Jersey Rachael A. Honig said. That wasn’t all: L…