Developer accused of defrauding mother-in-law

TRD New York /
Jul.July 27, 2012 08:30 AM

A real estate developer is being sued by his mother-in-law for allegedly defrauding her of $10 million. Jonathan Winston, who the New York Daily News reported once said he would be “bigger than Donald Trump,” leveraged trust he had established with his wife’s mother, Annette Lorber, into managing her money, which he borrowed and stole, according to Lorber’s complaint.

Lorber said she trusted Winston to manage her finances, but unbeknownst to her, he used her money to invest in properties from Westhampton to Manhattan, including an apartment at The Plaza. He also tried to buy her Sands Point, L.I., home with loans from her that he never repaid.

Lorber claims Winston, who funneled the money through his firm called Winhaven, deployed an elaborate scheme to win her trust and affection. She only looked into the finances after Winston and her daughter considered divorce.

Winston did not comment to the Daily News, which noted that he was previously charged with being involved in a $50 million stock scheme with the Gambino crime family and pleaded guilty to wire fraud and money laundering. He was ordered to pay $108 million in restitution but never did.

According to his website, Winston is developing residential homes in North Fork, a shopping center in the Hamptons and a mixed-use building in the city. [NYDN]


Related Articles

arrow_forward_ios
The Plaza Hotel, Sofitel New York at 45 West 44th Street and Le Bernardin at 155 West 51st Street (Credit: Yarl via Wikipedia Commons, Sofitel and Le Bernadin)

Mass layoffs claim jobs at the Plaza, Sofitel and Le Bernardin

Mass layoffs claim jobs at the Plaza, Sofitel and Le Bernardin
Plaza Hotel managing director George Cozonis with the Plaza Hotel at 768 5th Avenue (Credit: Cozonis by Fernanda Calfat/Getty Images)

The Plaza shuts down and lays off 251

The Plaza shuts down and lays off 251
Robert Durst appears in court for during opening statements in his murder trial on March 4, 2020 in Los Angeles (Photo by Etienne Laurent -Pool/Getty Images)

Robert Durst murder trial could be suspended as LA courts shutter over coronavirus

Robert Durst murder trial could be suspended as LA courts shutter over coronavirus
1 Central Park South, 1007/1009 and Valery Kogan (inset)

Opulent Plaza Hotel unit listed for $45M

Opulent Plaza Hotel unit listed for $45M
Larkin Plaza (Credit: Rendering courtesy of SLCE Architects)

RXR project among developments caught up in alleged Gambino mob scheme

RXR project among developments caught up in alleged Gambino mob scheme
Michael Shah (Credit: iStock)

Manhattan DA drops charges against developer Michael Shah

Manhattan DA drops charges against developer Michael Shah
Fotis Dulos (AP Images/ Erik Trautmann)

Developer Fotis Dulos, charged with killing his wife, is dead

Developer Fotis Dulos, charged with killing his wife, is dead
Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer charged with killing wife is rushed to hospital after apparent suicide attempt

Connecticut developer charged with killing wife is rushed to hospital after apparent suicide attempt
arrow_forward_ios

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

Loading...