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Mendel Zilberberg

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$1.4M Bank Loan Scheme: Hudson Valley Man Sentenced $1.4M Bank Loan Scheme: Hudson Valley Man Sentenced
$1.4M Bank Loan Scheme: Hudson Valley Man Sentenced A Hudson Valley man has been sentenced to prison in connection with a scheme to obtain a fraudulent $1.4 million loan from Park Avenue Bank. Rockland County resident Mendel Zilberberg, age 65, of Monsey, was sentenced on Wednesday, March 19 following a one-week trial. According to court documents, Zilberberg, who was a member of the bank's board of directors at the time of the offense, conspired with others, including Aron Fried, to obtain a fraudulent loan using a "star borrower" to make the loan application.  The straw borrower applied for a $1.4 million loan from the Bank base…

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by Kathy Reakes
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Former Bank Director From Area Charged In $1.4 Million Fraud Former Bank Director From Area Charged In $1.4 Million Fraud
Former Bank Director From Area Charged In $1.4 Million Fraud An attorney and former Park Avenue Bank director from the Hudson Valley has been accused of a $1.4 million bank fraud along with a co-conspirator. Rockland resident Mendel Zilberberg, 61, of Monsey, was charged this week with Aron Fried, 46, a Toms River, New Jersey, resident with bank fraud and other charges after allegedly scheming to obtain a $1.4 million loan from the bank. United States Attorney Geoffrey Berman said Zilberberg and Fried used false statements and misrepresentations to receive the loan, resulting in a $1 million loss for the bank when the loan later defaulted. Zilberber…

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by Zak Failla