Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Saturday, July 04, 2015
Jury Convicts Woman Of Lying About Having Sole Custody Of Daughter To Score Nearly $69K In Rent Subsidies In Luxury NYC Building; Evidence Unearthed During Unrelated Extortion Probe Involving Yankee GM
In New York City, the New York Post reports:
A Manhattan jury [...] convicted the alleged ex-mistress of Yankee general manager Brian Cashman of lying on a subsidized housing application to score nearly $69,000 in rent breaks.
As the verdict was read, the usually bubbly Louise Neathway, 39, sat stone-faced, wearing a beige pantsuit and floral top and her hair pulled back in a tight bun.
It took jurors five hours to find her guilty of nine counts of grand larceny, falsifying business records and offering a false instrument.
During the one-week trial in Manhattan Supreme Court, prosecutors argued that Neathway falsely claimed she had sole custody of her daughter and that her ex-husband lived in England in order to bump up her household size to two.
This made her eligible for a below-market-rate apartment at 88 Leonard St., a luxury Tribeca building, where she lived for five years.
The trouble was her ex, Jason Bump, has had sole custody of their 17-year-old since 2004 and lives in upstate New York.
“This is a case about this defendant taking something she had no right to take, and in doing so, taking away the opportunity from other applicants who applied for and actually qualified for this apartment,” Manhattan Assistant District Attorney Kenn Kern said during the trial before Justice Bruce Allen.
Neathway was arrested in 2012 for allegedly stalking, harassing and extorting $6,000 and attempting to extort $15,000 more from Cashman by threatening to go public with their affair. The scandal led to Cashman’s divorce from his wife, Mary Bresnan.
During the investigation, authorities uncovered evidence of housing fraud, and they opted to try that case first.
Defense lawyer Lawrence LaBrew wasted no time telling jurors that the beleaguered baseball big was the real reason Neathway landed in court.
“Sometime in 2012 she was arrested, charges were brought against her alleging various charges related to Mr. Cashman and at that point these [housing-fraud] charges surfaced,” LaBrew told jurors. “The DA chose to prosecute this case.”
Neathway is expected to be sentenced Aug. 20. Prosecutors are expected to try the extortion case next.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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