New York State is moving to combat deed theft. Gov. Kathy Hochul on Tuesday signed into law a bill that aims to give prosecutors more latitude to go after fraudulent real estate transactions — and keep homeowners in their homes. Sponsored by Sen. Brian Kavanagh (D-Manhattan/Brooklyn) and Assemblymember Helene Weinstein and co-authored by Attorney General […]
A home in Douglaston, Queens, estimated to be worth more than a million dollars, has become the focal point of a showdown between city officials and a trio of real estate speculators accused of predatory practices and fraud. Through an LLC called The Queens Foundation, one of those speculators had acquired interests in the property […]
Lawmakers, court authorities and city agencies have failed to safeguard the estates of homeowners who die without wills, threatening the transfer of Black and Latino generational wealth.
Brothers Joseph and Elliot Ambalo and their partner Etai Vardi use a web of LLCs to acquire shares of residential properties across New York City. We’re publishing the LLC names.
An investigation by THE CITY has unearthed multiple fraud and forgery allegations against Elliot and Joseph Ambalo and their partner Etai Vardi who target unsuspecting homeowners and unprotected tenants in Black and Latino neighborhoods.
Since 2014, thousands of New Yorkers have filed deed theft complaints, but many are hard to prosecute. Now that could change.
A quartet of investors say they’re only helping the dispossessed get what’s due. But their actions have exploited family divisions — and relatives on both sides of the deals say they’ve been ripped off.