Join Facebook to connect with Isaac Aronov and others you may know. The suit is brought pursuant to the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). ), The Indictment was unsealed by order dated September 12, 2019. Konstantinovskiy worked as an agent for My Ideal Property where he allegedly conspired with others to fraudulently obtain properties. Lisa Riordan Seville is an independent reporter based in Brooklyn, New York. 's Mot. Tyler Whitman of "Million Dollar Listing: New York" has experienced quite the transformation during his time on the hit reality series. 271 Cadman Plaza East 2017) (alteration in original) (quoting United States v. Pirro, 212 F.3d 86, 92 (2d Cir. Isaac Aronov Profiles | Facebook Million Dollar Listing is meant to represent the top 1% trying to buy and sell houses and for this, the show needs to add some glamor from time to time. 183.). This Office and our A federal jury in Brooklyn returned a guilty verdict today against Marvin Pippins, also known as Mukk, a member of the Brooklyn-based street gang 5-9 Brims, on counts of racketeering As alleged, Russell turned the demand for cryptocurrency investments into a scheme to defraud numerous investors in order to fund his lifestyle, stated United States Attorney Peace. A casting notice in 2015 shows that the . The asking price is $9.995 million.. Have a question about Government Services? 1.1 196. 2013) (quoting United States v. De La Pava, 268 F.3d 157, 162 (2d Cir. ), The Indictment specifies seven "select transactions" that Defendants and the Short Sale Co-Conspirators executed as part of the Short Sale Schemes, involving properties located at: 175 Vernon Avenue, Brooklyn, New York; 1219 Jefferson Avenue, Brooklyn, New York; 1319 Jefferson Avenue, Brooklyn, New York; 1055 Herkimer Street, Brooklyn, New York; 177 Lewis Avenue, Brooklyn, New York; 2403 Dean Street, Brooklyn, New York; and 65 Glen Street, Brooklyn, New York. Richard P. Donoghue, United States Attorney for the Eastern District of New York, Robert Manchak, Special Agent-in-Charge, Federal Housing Finance Agency, Office of Inspector General, Northeast Region (FHFA-OIG), and Christina Scaringi, Special Agent-in-Charge, U.S. Department of Housing and Urban Development, Office of the Inspector General, Northeast Region (HUD-OIG), announced the charges. 2018) ("[A] court cannot test the sufficiency of the government's evidence on a Rule 12(b) motion."). Ryan Serhant is Leaving Million Dollar Listing New York as - People 25). 28, 28(d), 32, 32(f)), in addition to 177 Lewis Avenue, (id. Returning for season 13 are powerhouse agents: Josh Flagg, Josh Altman, Tracy Tutor, James Harris and David Parnes. Brooklyn NY 11201, Telephone: 718-254-7000 As a result, the Second Circuit "ha[s] consistently upheld indictments that do little more than to track the language of the statute charged and state the time and place (in approximate terms) of the alleged crime." The defendants allegedly engaged in a scheme of wholesale deception when they provided false, misleading, and incomplete information to lending institutions, homeowners, and the Federal Housing Administration (FHA) causing millions of dollars in damages to the FHA,which typically results in higher premiums being charged to future first-time homeowners, HUD-OIG Special Agent-in-Charge Scaringi said. Courts must accept as true the allegations in an indictment for purposes of evaluating a motion to dismiss. Specify your area of interest and attach your resume to Joe Messina here. On Monday, Fredrik Eklund of Douglas Elliman announced on Instagram that he was leaving Bravo 's Million Dollar Listing New York and Million Dollar Listing Los Angeles after 11 seasons.. Accordingly, the Court denies Herskowitz's motion to dismiss Counts Two, Four, Six, and Seven. 36-39), Count Four (wire fraud in furtherance of the MIP and Exclusive Homes Schemes), Count Six (wire fraud in furtherance of the Exclusive Homes Scheme), and Count Seven (wore fraud in furtherance of the MIP and Exclusive Homes Schemes), (see Id. Johanna Altman, 40, was. Under a company called My Ideal Property Group, the men pushed the scam to homeowners behind on their mortgage payments or facing foreclosures. I felt bad for him, said the real estate pro. As demonstrated by this indictment, FHFA-OIG will investigate and hold accountable those who seek to victimize the government-sponsored entities supervised and regulated by FHFA, stated FHFA-OIG Special Agent-in-Charge Manchak. Share sensitive information only on official, secure websites. (citing United States v. Messina, No. If convicted, the defendants each face a maximum of 30 years imprisonment and a $1 million fine. Why did James Harris and David Barnes leave Million Dollar Listing Los Fed. 1-3.) 2019) ("[T]he court must assume that the [i]ndictment's allegations are true for the purposes of a motion to dismiss.'" Eagle file photo, News for those who live, work and play in Brooklyn and beyond, May 1 | These payments by HUD were artificially inflated as a result of the defendants fraudulent conduct. b. The scam in Monday's lawsuit caused millions of dollars in damages to the Federal Housing Administration since the men would file false or. Many fans have already claimed that they won't be tuning into the show now that he is gone. If you have experience and are savvy digitally, let us know about your interest in any of the following categories: creation of content and data for digital or print journalism promotion, sales and sponsorship packaging, management of a beat for environment, urban sustainability, real estate & business, food and drink, arts & entertainment, civic issues & politics, or hyperlocal neighborhood happenings. ("Counts One and . Five Defendants Indicted in Multi-Million Dollar Mortgage Fraud Scheme It alleges that Herskowitz: (1) "knowingly and intentionally conspire [d]" to "defraud the Short Sale Victims, which included financial institutions, and to obtain money and property from them by means of one or more materially false and fraudulent pretenses, representations and promises," and in executing the scheme, "cause[d] to be transmitted by means of wire communication in interstate and foreign commerce writings, signs, signals, pictures and sounds, contrary to Title 18, United States Code, Section 1343"; and (2) conspired "to defraud one or more financial institutions, and to obtain moneys, funds, credits and other property owned by such financial institutions, by means of one or more materially false and fraudulent pretenses contrary to Title 18, United States Code, Section 1344." Amid the lingering effects of the mortgage crisis, Iskyo Isaac Aronov and his four partners located homeowners in rapidly gentrifying neighborhoods who owed more than they could pay. 1021 B HOLDINGS LLC. Herskowitz is charged in five counts of a seven count Indictment - Count One (the MIP Scheme), Count Two (the Exclusive Homes Scheme), (see Id. Their Home Was In Foreclosure. Odabi and his co-conspirators callously abused the trust of an elderly victim to line their pockets with millions in stolen cash, stated United States Attorney Peace. 465. 18. richest million dollar listing los angeles mdlla star josh flagg net Age: 33 Submit your question here. Million Dollar Listing: 10 Fakest Things About The Show, According To of Def. VC FL FUND LLC :: Florida (US) :: OpenCorporates This Office will Eastern District of New York at 506. He was taking care of everybody. (quoting United States v. Silverman, 430 F.2d 106, 111 (2d Cir. It is not the first legal action taken against at least two of the men, who once had their business featured on the reality TV show Million Dollar Listing New York. 's Mot. The complaint details 10 times between 2013 and 2016 that the men Iskyo Aronov, RonBorovinsky and Michael Konstantinovskiy preyed on homeowners hoping to avoid foreclosure by setting up fake "short sales" of their homes through a federal program. Million Dollar Listing New York S03. Main Office It seemed like the interest payments would mitigate profits.. In support of his motion to dismiss the Indictment, Herskowitz argues that it provides constitutionally insufficient notice of the conduct for which the Government seeks to hold him criminally liable. Seth D. DuCharme, Acting United States Attorney for the Eastern District of New York, Christina Scaringi, Special Agent-in-Charge, U.S. Department of Housing and Urban Development, Office of the Inspector General, Northeast Region (HUD-OIG), and Robert Manchak, Special Agent-in-Charge, Federal Housing Finance Agency, Office of Inspector General, Northeast Region (FHFA-OIG), announced the filing. The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals and several companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government. On today's episode of Just the Sip, Million Dollar Listing Los Angeles star Tracy Tutor revealed how her reality TV career indirectly played a part in her divorce from Jason Maltas. (quoting United States v. Gonzalez, 686 F.3d 122, 127 (2d Cir. Just a case of disgruntled seasoned real-estate investors with big damaged egos.. Million Dollar Listing: What Happened To Heather Altman After Season 12 iskyo aronov million dollar listing 19-CR-0408,, Full title:UNITED STATES OF AMERICA, v. ISKYO ARONOV, MICHAEL KONSTANTINOVSKIY, TOMER, Court:UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK. ), Herskowitz argues that Counts Two, Four, Six and Seven should be dismissed because the factual allegations do not support his involvement in the Exclusive Homes Scheme. As a result, they not only acquired the properties for below-fair market value prices, but obtained broker fees in the transactions and induced lenders to release the FHA-insured mortgages at a loss, the complaint alleges. Aronov and Konstantinovskiywere also charged in 2019. Bravo's Million Dollar Listing L.A. cast slams Netflix's Selling Sunset for being 'more dating and less real estate' We pay for your stories! 1970), cert, denied, 402 U.S. 953 (1971)), and there is no express contradiction between the Indictment's broader allegations regarding Herskowitz's involvement in the MIP Scheme and the factual allegations in support of this larger claim. Borovinsky identified himself as a co-founder with Aronov of My Ideal Property. What to expect on this season of 'Million Dollar Listing' - New York Post (Serhants representative did not return a request for comment.). Rule 12(b)(3)(B) of the Federal Rules of Criminal Procedure. https://brooklyneagle.com/articles/2021/01/06/feds-file-civil-suit-in-brooklyn-in-mortgage-fraud-case/, U.S. District Judge Margo K. Brodie of the Eastern District of New York. United States Files Civil Fraud Suit Against Three Individuals and Free and open company data on Florida (US) company VC FL FUND LLC (company number L21000114994) Fredrik Eklund Explains Bravo's Million Dollar Listing Exit (Exclusive 18.) f 42.). The reality star has been spending most of her time selling LA mansions since season 12 wrapped. The complaint, unsealed this afternoon by United States District Judge Margo K. Brodie, alleges that Iskyo Aronov, Ron Borovinsky, Michael Konstantinovskiy, and companies that they owned or controlled, engaged in fraudulent short sales of residential properties insured by the Federal Housing Administration (FHA) of the United States Department . If homeowners were defrauded or lost equity, they could file a petition in the forfeiture proceeding to be made whole. If 25 (emphasis added)). Many of the affected mortgage loans were insured by the Federal Housing Administration, or owned or guaranteed by Fannie Mae or Freddie Mac. NOTICE OF FILING OF OFFICIAL TRANSCRIPT of Proceedings as to Iskyo Aronov, Michael Konstantinovskiy, Tomer Dafna, Avraham Tarshish, Michael Herskowitz held on October 2, 2019, before Judge Margo K. Brodie. 1178 GATES AVE. INC. 2320 BAEUMONT AVE UNIT 3D LLC. ("Counts One and Two"), and substantive counts of wire fraud related to specific transactions in violation of 18 U.S.C. MARGO K. BRODIE, UNITED STATES DISTRICT JUDGE. Aronov was arrested in Florida, and will appear this afternoon for a removal hearing at the federal courthouse in Miami. The scam in Monday's lawsuit caused millions of dollars in damages to the Federal Housing Administration since the men would file false or misleading documents so the sales would be approved by the federal government, prosecutors said. Herskowitz argues that he "is mentioned only a few times in the body of the Indictment, and even then, mostly by way of conclusory boilerplate allegations," (id. The Cast Of Bravo's 'Million Dollar Listing' Ranked By Net Worth The men face up to 30 years in prison and a $1 million fine if convicted in the federal case. Selling Tampa 1 . (Id. Aronov appeared in court in Miami and his bond was set at $500,000, according to court papers. Under the federal program, homeowners with defaulted mortgages that are insured by the Federal Housing Administration can sell their properties in a "short sale" for less than the balance of the mortgage if the sale is for fair market value. U. S. Files Civil Fraud Suit Alleging Mortgage Fraud Scheme January 4 Whatever Happened To The Cast Of The Million Dollar Listing Franchise Title 18, United States Code, Section 1343 imposes criminal liability on any party who "having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire in interstate or foreign commerce, any writings for the purpose of executing such scheme or artifice." 1349 and 3551 et seq. The case is being handled by the Office's Business and Securities Fraud Section. Michael Konstantinovskiy (also known as "Michael Kay") Age: 33 Rego Park, Queens. Age: 40 BuzzFeed News linked the group to nearly 240 homes. The complaint, unsealed Tuesday afternoon by U.S. District Judge Margo K. Brodie, alleges that Iskyo Aronov, Ron Borovinsky, Michael Konstantinovskiy and companies that they owned or controlled. (718) 254-6323. The Government is not required in the Indictment to present the evidence through which it will prove Herskowitz knowingly conspired to facilitate the MIP Scheme when he assisted in the relevant short sale transactions. 2000)). (718) 254-6323. In turn, HUD paid the lenders claims for FHA insurance from federal funds. We done some digging to find out whether she has had any work done. Tracy Tutor Shows Off the Jaw-dropping Results of Her Recent Home Renovation. Ask anything about Brooklyn. ), On April 30, 2021, Herskowitz moved to dismiss the Indictment pursuant to Rules 12(b)(2) and (b)(3)(B)(v) of the Federal Rules of Criminal Procedure for "fail[ing] to give [n]otice of the criminal acts allegedly committed as required by Due Process of Law." Queens Village, New York, Michael Herskowitz Box 235000, Montgomery, AL 36123-5000 According to court documents, DAlessios internet search history from this time included the phrase which country is the best to hide money from US.. Flagg lives in a $7 million mansion in Beverly Hills with his husband Bobby Boyd. Accordingly, the Court finds that the Indictment is constitutionally sufficient and further finds that the inconsistency identified by Herskowitz is not sufficient to warrant dismissal of Count One, nor the related substantive counts of wire fraud charged in Counts Four and Seven. Aronov Insurance also offers personal insurance lines that include coverage for home, renter, auto and life. . 1999); United States v. Raniere, 384 F.Supp.3d 282, 292 n.l (E.D.N.Y. The homes sold through the scam include nine in Brooklyn including three in Bed-Stuy and two in Bushwick and one in Queens Village, documents show. As with the MIP Scheme, the Indictment tracks the language of the charged crimes and alleges that Herskowitz conspired to commit wire fraud and bank fraud in violation of Title 18 United States Code, Sections 1343 and 1344, and explicitly alleges that Herskowitz acted "knowingly and intentionally" in conspiring with Defendants in the Exclusive Homes Scheme between January of 2014 and November of 2018. 36-42, Docket Entry No. Facebook gives people the power to. As a further part of the scheme, the defendants provided the mortgage lenders and servicers with false and misleading information in transaction documents and failed to disclose either payments made to the borrower and others related to short sale or contemporaneous agreements to transfer the properties at inflated prices. Historical queries, urban legends, clarification on rumors let us do the research for you! 2004) (defining wire fraud). U.S. Government Sues Real Estate Pros For Brooklyn Mortgage Scam Josh Altman, coming through with some major info on the upcoming season 14 of Bravo hit show . 's Reply in Supp. Submit it as a letter to the editor using this form! Stringer, 730 F.3d at 124 (quoting Hamling v. United States, 418 U.S. 87, 117 (1974)); see also Dupree, 870 F.3d at 70 ("An indictment that does not set out all of the essential elements of the offense charged is defective." Between 2015 and 2018, they said, he also used other peoples money to fund his luxe lifestyle and to cover millions of dollars in casino gambling losses. P. 7(c)(1); United States v. Dupree, 870 F.3d 62, 70 (2d Cir. 2015) ("At trial, the [government must prove that [the] [d]efendant knowingly and willfully became a member of the conspiracy. 2017). A locked padlock ISKYO ARONOV (also known as "Isaac Aronov") Middle Village, New York. The four other men were arraigned in Brooklyn. Make your practice more effective and efficient with Casetexts legal research suite. Key measures of price and wage growth remain high, report shows. 14.) He hosted friends at his $13 million home in Water Mill, LI, to play. According to the thirty-three-page Indictment, from in or about December of 2012 to January of 2019, Defendants, including Herskowitz, "worked both together and separately to purchase hundreds of properties at fraudulently depressed prices and then resell or 'flip' the properties for large profits." The United States filed a civil complaint against three New York men accused of running a years-long mortgage scheme that defrauded the government's housing agencies, the United States Attorney for the Eastern District of New York announced. United States v. Ghayth, 709 Fed.Appx. 31(e), 42)). Heather Altman's face has seriously changed since Million Dollar Listing United States v. Aronov, 19-CR-408 (MKB) - Casetext They would also be forced to forfeit any property obtained through their alleged offenses, according to the indictment. Official websites use .gov The Indictment provides a detailed overview of the MIP and Exclusive Homes Schemes, (see Id. In the process, the partners helped fuel the rapid gentrification of brownstone Brooklyn, displacing black and Latino families who in many cases had lived there for decades, and repopulating the area with young, mostly white professionals. The proceeds from the short sale, less approved closing costs, are applied to the outstanding mortgage loan balance owed to the lender, who typically agrees to forgive the borrowers remaining mortgage loan balance. 27-33. 12, 14.) The fraud meant the men not only got the properties at below-market value, but were given broker fees and "induced lenders to release the FHA-insured mortgages at a loss.". In contrast, the Indictment alleges that Herskowitz assisted in the MIP Scheme and includes particularized allegations regarding his involvement in the short sale transaction to purchase 1219 Jefferson Avenue and 2403 Dean Street to support this broader allegation. (Ind. This season of Bravo's "Million Dollar Listing New York" premiers May 6, and it is going to show 43-year-old Eklund under more stress than ever as he brokers New York real estate sales from . Aronov wt al, 1:19-cr-00408 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. The "Million Dollar Listing Los Angeles" star and celebrity broker, 36, bought a famous manse in the coveted Flats neighborhood of Beverly Hills with an asking price of $9,200,000. Heather's Instagram is filled with beautiful homes in the LA area that range from $1.6 million to well over $15 million. 139.) The Million Dollar Listing Los Angeles season 14 airs on Thursday and will be even bigger than before. As alleged, the defendants defrauded mortgage loan holders out of millions of dollars, with taxpayers saddled with much of the loss, stated United States Attorney Donoghue. The indictment comes amid a larger crackdown on predatory real estate investment targeting New Yorkers who remain in foreclosure, dubbed an epidemic of fraud by an investigative grand jury last year. 175; see also Def. Updated Jun 15, 2022 at 12:02am. Fax Line: 718-254-7508. 28-28(a), 28(d)); and (2) Herskowitz "on behalf of [Aronov], wired approximately $238, 798 to a bank account designated by the [mortgage loan] servicer and approximately $153, 095 to Short Sale Co-Conspirator 2's bank account, both in connection with the short sale transaction" to purchase 2403 Dean Street, (id. Since 2015, Herskowitz has been implicated in at least two other schemes targeting borrowers in foreclosure in Florida and Queens. While Brooklyn has become the epitome of cool and hip in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been uncool.