The Real Deal New York

DA charges man in connection with Riverside South Properties sale

September 17, 2009 03:02PM

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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