Real estate exec arrested twice in 30 days

TRD New York /
Oct.October 06, 2011 09:20 AM

alternate
text
Michael Streit, formerly president of Iconik Enterprises (credit: NYREJ)
For the second time in a month, a real estate executive was caught trying to get thousands of dollars from Manhattan banks unlawfully.

The New York Post reported Michael Streit, former president of commercial real estate company Iconik Enterprises, was arrested for trying to cash a forged check. Streit allegedly attempted to cash a $9,500 check at the Bank of America Branch On Madison Avenue Near 44th Street last Thursday. He is being held on forgery and grand larceny charges.

It’s not Streit’s first run-in with the law, in fact it’s the second time he’s appeared in the police blotter in 30 days. Last month, Streit was accused of making an unauthorized $2,000 withdrawal from Iconik’s Chase account, and attempting to make a similar withdrawal days later, the Post reported. At the time he was still with Iconik.

Iconik Enterprises is not affiliated with similarly named Manhattan-based firm Iconik Properties. [Post]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

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

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

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Howard Hughes’ Saul Scherl and a rendering of 250 Water Street (Getty, The Howard Hughes Corporation/SOM)

Howard Hughes to launch review process for $1.4B Seaport tower

Howard Hughes to launch review process for $1.4B Seaport tower
Paul Singer of Elliott Management (Getty; iStock)

Billionaire Paul Singer dumps NYC for West Palm Beach

Billionaire Paul Singer dumps NYC for West Palm Beach
Mayor Bill De Blasio and HPD Commissioner Louise Carroll (Getty; HPD; iStock)

De Blasio restores $466M to housing capital budget

De Blasio restores $466M to housing capital budget
Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock)

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

NY falls behind Dallas, LA in CRE investment as deals surge nationwide
arrow_forward_ios

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

Loading...