Monday, November 07, 2016

Phony Real Estate Broker Who Opened & Operated Fraudulent Harlem Brokerage Office Gets 3-6 Years Prison Time For Duping Prospective Buyers Out Of $250K In Purchase Deposits

In New York City, the New York Post reports:
  • A phony real-estate broker was shamed [] by a Harlem imam for stealing $50,000 that it took his congregants the past 30 years to raise, as the conman was sentenced to 3-to-6 years behind bars.

    Imam Al-Hajj Talib ‘Abdur-Rashid, from the Mosque of Islamic Brotherhood on W. 113th St., recalled how scammer Dan Stern “exploited our dream” of buying a new church when he conned them out of their money.

    “We collected and saved the money of mostly poor people while praying for the opportunity of growth and expansion,” ‘Abdur-Rashid said in Manhattan Supreme Court.

    In all, Stern, 52, swiped $250,000 from victims he duped into believing he was an authentic real-estate agent or lawyer between 2014 and 2015.

    He pulled off the scam by opening up Harlem Village Reality on East 126th Street and advertising properties for sale — unbeknownst to the true owners and without their permission.

    The properties included two churches and several buildings – located at 41 West 124th Street, 36 West 128th Street, 52-54 East 126th Street, 342 West 123rd Street and 175 West 126th Street – that were facing foreclosure or were badly in need of repairs.

    Stern convinced interested buyers to hand over down payment checks, which he then pocketed.

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