The Real Deal New York

Fugitive dumps $35M Park Imperial spread

December 03, 2010 01:36PM

Fugitive software tycoon Jacob Alexander has sold three units at the Park Imperial on the corner of 56th Street and Broadway for a combined $35.2 million, according to the Wall Street Journal. The sale was made to satisfy a settlement agreement that ordered Alexander to hand over millions, following a Securities and Exchange Commission investigation that found he backdated stocks for his company, Comverse. Curiously, the buyer was an LLC represented by Alexander’s lawyer Bruce Judelson, who declined to comment on the sale, saying only that it was “effectuated pursuant to agreements with the government and Comverse.” [WSJ]

One Response to “Fugitive dumps $35M Park Imperial spread”

  1. April 25, 2012 at 12:20 am, Jacob Kobi Alexander | Park Imperial | Rental said:

    […] is allegedly on the run in Namibia. He sold a total of three units at the Park Imperial in 2010 for $35.2 million to satisfy a settlement that ordered Alexander to […]