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Brooklyn developer, 14 others charged with mortgage scam
U.S. Attorney claims Irving Rubin and family members cheated banks, took public assistance
![Preet Bharara and George Farkas](https://static.therealdeal.com/wp-content/uploads/2014/11/preet.jpg)
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