Notorious landlord Steve Croman sentenced to one year behind bars

Share
Notorious landlord Steve Croman sentenced to one year behind bars

Cynthia Chaffee, 65, who lives in one of Croman's Gramercy Park buildings, blasted her landlord for intimidating tenants by shutting off hot water and refusing to make repairs.

In addition to jail time, Croman will have to pay $5 million in fines and will forfeit his brokerage license.

On Tuesday morning, notorious landlord Steve Croman was officially sentenced to one year in jail. Early Tuesday Croman finally faced the music...

New York Attorney General Eric Schneiderman's prosecutors have been investigating Croman for more than a year, and in May 2016 hit him with multiple counts of mortgage fraud and tax evasion.

Croman admitted to acquiring $45 million in loans for his properties by passing off rent-stabilized apartments as market rate units.

At sentencing, Croman was dressed in black skinny jeans and black-and-white sneakers. But today, he begins a sentence in Rikers Island for perpetrating an elaborate scheme that was meant to push out rent-stabilized tenants...

"Rikers ain't the Ritz", declared Justice Jill Konviser, who last month agreed to delay Croman's sentencing during the High Holy Days of Rosh Hashanah and Yom Kippur, the Day of Atonement.

Konviser also referenced the two-week extension she'd granted Croman two weeks earlier - his sentencing had been schedule for September 19, but his attorneys asked for an extension so he could observe the High Holy Days.

"I hope that you spend your days thinking about the religious principles that this case was postponed for".

Steven Croman at his sentencing in State Supreme Court on October 3.

"The measures Mr. Croman took to boost his own bottom line- while blatantly disregarding the wellbeing of his tenants - are shocking", said Schneiderman in a statement. My office will continue to ensure that all landlords play by the rules - and pursue anyone who doesn't to the fullest extent of the law.

Croman allegedly built his real estate empire by buying up cheap buildings filled with rent-regulated tenants then embarking on a campaign of harassment to get them out, according to the AG.

Share

Advertisement

Related Posts

Wife of San Francisco Police Officer missing in Las Vegas shooting
The San Francisco police officers association described her as a "wonderful caring wife, mother and daughter. Michelle Vo, who graduated from Independence High School in San Jose in 2003, was also killed.

HTC U11 Life specs beat Android One release
LlabTooFeR? , the popular HTC leaker today shared the complete specifications of the HTC U11 Life smartphone on Twitter. Now another renowned HTC leakster, @LlabTooFer, has divulged the specifications of the upcoming Android One handset.

Bristol-Myers Squibb Company (NYSE:BMY)
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $104.79B. It dropped, as 78 investors sold BMY shares while 520 reduced holdings. 120 funds opened positions while 451 raised stakes.

Next Weeks Broker Price Targets For Johnson Outdoors Inc. (NASDAQ:JOUT)
With so many different stocks available to trade, investors may need to figure out a way to make the selection process manageable. BidaskClub raised Johnson Outdoors from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 9th.

Chelsea target to sign new contract
Antonio Conte is still taking the thought of leaving Chelsea into serious consideration, according to Sunday Times . The Italy star, however, snubbed a move to the Stamford Bridge as he wanted to end his career at Juventus.

Instagram Stories now let you poll your friends
You'll have the ability to customize the question and the answers, thereby asking your friends anything that may be on your mind. The temporal nature of Instagram Stories (they're only viewable for 24 hours) makes pairing them with polls a smart idea.

Halsey Accused of Copying Ariana Grande's Concert Look on Social Media
Looks like Halsey and Ariana Grande fans tried to stir up some drama between the two singers and Halsey was NOT having it. A fan was quick to point out Halsey has been wearing a similar ensemble since her Badlands Tour a year ago .

Rite Aid Corporation (NYSE:RAD) Stake Decreased by Laurion Capital Management LP
Its down 0.46, from 1.24 in 2017Q1. 345.06 million shares or 1.22% more from 340.91 million shares in 2017Q1 were reported. Over the past three months, Rite Aid Corporation insiders have been net sellers, acquiring a net of 3,404,268 shares.

Honor Holly 5 smartphone is here, priced at INR 11999
Coming to the optics part, the device is equipped with a 13MP rear-facing camera as well as a 5MP front camera for taking selfies. There are connectivity options like Wi-Fi 802.11 b/g/n, Bluetooth v4.1 Global Positioning System , A-GPS and 3.5 audio jack.

'Mean Girls' Stars Reunite For October 3rd To Help Las Vegas Victims
It's October 3rd-the day when fans of the movie Mean Girls take to the interweb and flood it with pithy memes. We want to turn the attention to those who need it.

© 2015 ExpressNewsline. All Rights reserved.