The Real Deal New York

Brooklyn developer, 14 others charged with mortgage scam

U.S. Attorney claims Irving Rubin and family members cheated banks, took public assistance

November 14, 2014 01:10PM

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Preet Bharara and George Farkas

Brooklyn real estate developer Irving Rubin and several of his family members were charged with defrauding banks and other lenders of $20 million over a decade.

The U.S. Attorney’s office accused 15 people yesterday of obtaining millions from more than 20 fraudulent bank loans and accepting thousands in public assistance. The defendants allegedly claimed in public-assistance applications that they had very little income. 

Meanwhile, their bank-loan documents show extensive assets and income.

“We are digesting the information contained in the rather extensive indictment that was filed. It’s much too early to make any kind of a comment,” George Farkas, Irving Rubin’s attorney, told the Wall Street Journal. [WSJ]Mark Maurer

  • Steven Covexx

    We all love them and know that a contribution to Bilary, will mean 4 weeks at a Country Club in Boca Raton as punishment.

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