Cushman delivers 36K documents to AG in Trump probe

Cushman & Wakefield had a message for Letitia James: You want documents? We got your documents right here! The real estate giant provided nearly 36,000 documents to the New York Attorney General’s office, according to court filings. The AG’s office acknowledged as much in its own court filing, asking for the court to “hold any contempt purged, without any fines due or owing.” The document dump completes Cushman’s compliance with subpoenas issued in September 2021

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Rockland County “fraudster” banned from real estate

A property manager in Rockland County agreed to banishment from the real estate business in New York for milking an affordable co-op for personal benefit and nearly driving it to financial ruin. James announced the agreement Wednesday following a two-year investigation of the manager, Russell Mainardi. The probe found he had illegally misused funds at 18-36 Columbus Avenue in Spring Valley, putting it on the verge of foreclosure. Mainardi installed his girlfriend as property manager,

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AG nails landlord for breaking rent law, promises more to come

Ink Property Group and three of its principals will pay up to $1.75 million to settle claims by state Attorney General Letitia James that they duped rent-stabilized tenants out of leases, illegally deregulated units and falsified financial documents to secure bank loans. But for now, Ink is on the hook for only a fraction of that. The firm has shelled out $300,000 to a state affordable housing fund and promised $400,000 to the tenants who

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Brooklyn landlord forced to return $300k to tenants

Small security deposits are adding up to big trouble for a Brooklyn landlord. New York Attorney General Letitia Jame on Thursday announced an agreement with SGW Properties to return nearly $300,000 of security deposits to tenants. James found the company, founded by Yeshaya Wasserman in 2008, didn’t comply with a 2019 change to the rental law that required a written, itemized list of reasons for a withheld security deposit. SGW will return the security deposits

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Cushman slapped with $10K daily fine in Trump property probe

A judge has decided enough is enough, holding Cushman & Wakefield in contempt for failing to comply with a subpoena in the investigation into Donald Trump and the Trump Organization. Judge Arthur Engoron signed the contempt order on Tuesday, The Daily Beast reported. The commercial real estate giant will be fined $10,000 per day until it hands over evidence to state investigators. The judge said in the order the company “fails to identify any good

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Cushman pushes back on subpoena in Trump property probe

Cushman & Wakefield is resisting an order to comply with an investigation into Donald Trump and the Trump Organization. The commercial real estate giant filed an appeal Wednesday, seeking to overturn a judge’s decision to uphold a subpoena in the probe by New York Attorney General Letitia James. As part of the civil inquiry, James is seeking information about Cushman’s appraisals of several Trump properties, including 40 Wall Street. In its appeal, Cushman argued it

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Judge says Cushman failed to properly value Trump properties

UPDATED April 28, 2022, 7:09 p.m.: A Manhattan judge is taking a dim view of Cushman & Wakefield’s role in allegedly misleading valuations of Trump Organization property. Judge Arthur Engoron accused the commercial real estate giant of being inconsistent in “adhering to its internal quality control practices when conducting appraisals on behalf of the Trump Organization,” the Daily Beast reported. The state judge’s comment was in his Wednesday order compelling Cushman to comply with New

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Cushman must play ball in Trump property probe: Judge

Letitia James has got Cushman & Wakefield in a corner. The New York Attorney General announced Monday that a court ruled the commercial real estate giant needs to comply with her office’s investigation into Donald Trump and the Trump Organization. The decision comes weeks after James went to state court to compel Cushman to comply with her subpoenas for her civil inquiry. A court has ruled that Cushman & Wakefield must comply with our investigation

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Landlords who got aid are illegally raising rents: AG

Tenants have reported getting lease renewals with rent increases after their landlords received money from the state’s emergency rental assistance program, the attorney general said Monday. Those hikes violate the program’s rules. ERAP provides money to owners to cover arrears, but landlords must keep rents steady for a year after receiving the first relief payment. “Landlords who accepted payments from the state yet are still raising rents are double-dipping and breaking the law,” James said,

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New York AG to Cushman: Comply in Trump probe

New York Attorney General Letitia James has had enough of real estate services giant Cushman & Wakefield. James went to state court last week to compel Cushman to comply with her subpoenas for her civil inquiry into Donald Trump, Bisnow reported. Cushman did business with the former president prior to the Jan. 6 attack on the Capitol last year. According to James, Cushman did appraisals for several Trump properties, including 40 Wall Street in Manhattan

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