Notorious landlord Steve Croman sentenced to one year behind bars

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.



Related Posts

Analyst Commentary On bluebird bio, Inc. (BLUE), Amtech Systems, Inc. (ASYS)
Also, insider David Davidson sold 5,000 shares of bluebird bio stock in a transaction that occurred on Wednesday, July 5th. After posting $-1.73 EPS for the previous quarter, bluebird bio Inc's analysts now forecast -8.09 % EPS growth.

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.

Liberty Media Corporation - Ser (NASDAQ:FWONA) Trading Volume Significantly Higher
Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Seven Bridges Advisors LLC increased its stake in shares of Liberty Sirius XM Group by 13.2% in the third quarter.

Tom Petty Talks Hypnotic Eye on September 2014 Cover of Relix
From the moment he saw Elvis, Tom Petty wanted to be a musician. "As he called some of it, 'A bad rock band with a fiddle'". The trade paper Variety followed, citing an unnamed source confirming the rocker's death. "He died peacefully at 8:40 p.m.

President Kovind appoints five-member panel to examine sub-categorisation of OBCs
On Monday, the President gave his nod to the panel, which will seek to ensure the most backward get the benefits of reservation. The Commission will be headed by Justice (Retd.) G Rohini, who was first woman Chief Justice of the Delhi High Court.

Gov. Wolf orders flags at half-staff to honor Las Vegas victims
At least 59 people have been killed and more than 520 injured in the shooting, which began late Sunday night, police said. Burgum's directive is in accordance with a proclamation issued Monday by President Donald Trump .

Theresa May: Boris Johnson 'doesn't undermine what I am doing'
Voters wanted ministers "to focus not on our own jobs, but on their jobs and their futures", she said. She told BBC One's Breakfast: "I don't set red lines". "You won - we won".

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.

George Foreman has challenged Steven Seagal to a fight, because why not?
When fans asked Foreman on Twitter why he wanted to fight Seagal, Foreman replied that the martial artist "really can fight" and is big enough to defend himself.

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 .

© 2015 ExpressNewsline. All Rights reserved.