‘Bernie Madoff of Landlords’ Pleads Guilty to Fraud

From the New York Times

Steven Croman has been so loathed as a landlord that his tenants started a website against him. When he was charged in May 2016 with 20 felonies punishable by up to 25 years in prison, the attorney general described him as the “Bernie Madoff of landlords.” The night of his arrest, a pizza joint in the East Village offered free rosé wine to anyone who mentioned his name.

On Tuesday, Mr. Croman, 50, whose companies own more than 150 buildings citywide, mainly Manhattan apartment complexes with rent-regulated units, pleaded guilty to three felonies, for fraudulently refinancing loans and committing tax fraud. He agreed to serve a year in the jail complex at Rikers Island and pay a $5 million tax settlement. As part of the deal, the attorney general’s office said it had no other pending criminal investigations of Mr. Croman.

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