Landlord pleads guilty in $6M Bronx sale

New York /
Dec.December 11, 2009 02:41 PM

A Bronx property owner pleaded guilty today in Manhattan federal court to charges that he fraudulently sold a commercial building for $5.9 million earlier this year, authorities said.

According to prosecutors, Mark Benun, 35, partnered with another company to buy the building at 67-79 East 161st Street in 2006 for $9.5 million.

Benun, who brokered the deal, was given a 25 percent interest in the property, while the other investor, identified in city property records as Lido Realty of Brooklyn, held a 75 percent interest, according to the US Attorney in Manhattan.

Despite his minority interest, Benun sold the property in February 2009 for $5.96 million using forged deed and mortgage documents, prosecutors said.

Following the bogus sale, Benun wired at least $450,000 to other bank accounts, and in addition withdrew about $1.4 million which he used to buy gold bars in Manhattan.

Benun was the owner of a real estate investment firm called MBM1 Owners, located at 275 Madison Avenue.

He pleaded guilty to four counts of interstate transportation of stolen property, and faces up to 10 years in prison and a fine of at least $250,000 for each count, as well as forfeiture of the illegal proceeds, at his sentencing scheduled for March 19. TRD


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Blumenfeld Development Group's Jon Cohen with 5801 Sunrise Highway (Loopnet, Blumenfeld Development Group)
Blumenfeld to “de-mall” failing Long Island property
Blumenfeld to “de-mall” failing Long Island property
Pavilion A at the Woolworth Tower Residences (Travis Mark)
Woolworth Tower apartment featured in “Succession” sells for $20M
Woolworth Tower apartment featured in “Succession” sells for $20M
Will Friend of Bisnow (LinkedIn)
Bisnow CEO Will Friend dies at 33
Bisnow CEO Will Friend dies at 33
From left: Tyler Whitman, Ryan Serhant, Kirsten Jordan, Frederik Eklund, and Steve Gold from "Million Dollar Listing New York" (Kareem Black/Bravo, iStock)
Bravo pausing “Million Dollar Listing NY” after 9 seasons
Bravo pausing “Million Dollar Listing NY” after 9 seasons
From left: SL Green’s Harrison Sitomer and HNA Group’s Guoqing Chen with 245 Park Avenue
SL Green gets restraining order against HNA at 245 Park Ave
SL Green gets restraining order against HNA at 245 Park Ave
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...