Which New York City Multifamily Developer Heads To Prison For 4 Years? (Hint: It’s Still Not Sam Chang)

January 28, 2010 by Neil · Leave a Comment

Manhattan developer Michael Hershkowitz was sentenced to four years in prison and ordered to forfeit $27.2 million for his role in a Ponzi scheme involving fraudulent loans secured by nonexistent mortgages. Prosecutors had alleged Hershkowitz and others induced about 70 individuals to … Read More

Tagged: apartment building, forgery, hershkowitz, herskowitz, ivy woolf-turk, jail. prison, kingsland group, michael hershkowitz, multifamily, multifamily developer, new york city, new york city multifamily developer, ponzi scheme, woolf-turk

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Which New York City Multifamily Developer Heads To Prison For 4 Years? (Hint: It’s Still Not Sam Chang)

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