Alleged insider trader nabs Laurel pad

TRD New York /
Apr.April 23, 2012 06:30 PM

A Turkish trader who controls two firms that were sued by the Securities Exchange Commission last summer for insider trading is the latest international buyer to score a luxury Manhattan pad. The New York Observer reported Yomi Rodrig paid $4.8 million for a 28th floor unit in the Laurel condominium, at 400 East 67th Street.

The 2,285-square-foot apartment has three bedrooms and three bathrooms. The Lenox Hill building has a fitness center, multiple swimming pools and a children’s play area. Corcoran Sunshine Marketing Group was listing the unit for $5.33 million.

Rodrig’s latest trading troubles stemmed from his purchase of millions of dollars of Arch Chemicals shares days before Swiss Lonza Group announced its $1.2 billion purchase of the company. But it wasn’t his first run-in with the SEC. In 2005, he relenquished $4.8 million in profits and $1.4 million in fines to settle a short-selling charge. [NYO]


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
The co-living industry has thousands of units in the pipeline. Industry leaders are predicting a tough year ahead (Pixabay)

Co-living execs offer glimpse at occupancy rates

Co-living execs offer glimpse at occupancy rates
(Getty)

J.C. Penney implosion hits two New York City malls

J.C. Penney implosion hits two New York City malls
RuthAnne Visnauskas, Commissioner of the New York State Division of Housing and Community Renewal

New Yorkers flood rental assistance program on first day

New Yorkers flood rental assistance program on first day
The 2.98 percent is the lowest Freddie Mac has seen in nearly 50 years of tracking (iStock)

30-year mortgage rate hits record low

30-year mortgage rate hits record low
Joseph Nakash, Aby Rosen and W South Beach (Getty, Google Maps)

Aby Rosen’s RFR, Nakash family battle over failed sale of W South Beach condos

Aby Rosen’s RFR, Nakash family battle over failed sale of W South Beach condos
arrow_forward_ios

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

Loading...