No Bail For Brooklyn Developer Charged In Alleged NYC Condo Scam; Residents Continue Fighting Eviction

In Crown Heights, Brooklyn, the New York Daily News reports:

• A Brooklyn developer accused of swindling some 40 Crown Heights families out of millions was ordered held without bail Tuesday night after returning from his Israel hideout. Eliyahu Ezagui, 47, pocketed $15 million in mortgages on condos he sold to families living in two buildings he developed in the Brooklyn neighborhood. Authorities said it was the biggest local case of subprime mortgage fraud on record.

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• Robert Tolchin, lawyer for 17 tenant families facing eviction, said litigation with mortgage lending banks and Ezagui is continuing in Brooklyn Civil Court. Numerous foreclosure notices have been served, but no tenants have been evicted.

For more, see No bail after fugitive developer busted, charged in massive condo scam.

For earlier media reports on this story, see:

• New York Daily News: Builder flees & 40 Hasidic families face eviction in Brooklyn swindle,
• The Jerusalem Post: Defrauded Crown Heights residents fight for their homes.