Harlem man charged with fraud, larceny for trying to sell a building that wasn’t his

TRD New York /
Oct.October 15, 2009 09:28 AM

A Harlem man has been charged with fraud and larceny, after allegedly swindling millions in investments in a building he pretended to own. Prosecutors say that Henry Vargas, 35, forged documents to show he owned a 60 percent stake in 21-41 Lenox Avenue, otherwise known as the Triangle Building in Harlem. He is said to have obtained the necessary information by posing as a buyer, and used it to convince the New York Road Runners Club, which runs the New York City Marathon, to sign an $8.5 million contract to buy the building from him. The money has been recovered, but the non-profit lost $300,000 in legal fees and other expenses. Vargas also allegedly persuaded plumber and investor Pete Skyllas to pony up $1 million for an option to purchase the building, which was converted into a fake mortgage when Skyllas couldn’t come up with the asking price. The Triangle Building is actually owned by Manuel Duran Jr., who did not know about the alleged scam. [NYDN] 


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

From left: Sam Chang, 52 William Street and New York Hotel & Motel Trades Council's Peter Ward (Credit: Google Maps)

$2M suit against Sam Chang tied to hotel union drama

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: Jeff Cohn and Gary Keller

Gary Keller walks into Berkshire Hathaway’s back yard and takes its top team

RedSky’s Ben Bernstein and 182 Flatbush Ave (Credit: Google Maps)

RedSky sells building across from Barclays Center as partner liquidates holdings

arrow_forward_ios