The Real Deal New York

DA charges man in connection with Riverside South Properties sale

Barry Gross, project director for Hudson Waterfront Associates, has been indicted and arrested on charges of grand larceny, falsifying business records, offering a false instrument for filing, filing a false personal tax return and failure to file unincorporated business taxes, according to a press release from Manhattan District Attorney Robert Morgenthau’s office. If convicted, Gross faces upward of 20 years in prison. The case centers around the 2005 $1.76 billion sale of Riverside South Properties, a stretch of land extending from West 58th to West 72nd Street on Riverside Boulevard, once owned by Donald Trump. Hudson Waterfont Associates was a group of Hong Kong investors, according to the San Francisco Business Times. The DA office’s charges include Gross receiving a $1 million bonus to a shell corporation from Hudson Waterfront Associates, in order to evade paying taxes. TRD

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