Manager admits to stealing $1.5M from buildings

TRD NEW YORK /
Jul.July 20, 2013 12:00 PM

Kee Lin, a former property manager for two Chinatown buildings, pleaded guilty in New York State Supreme Court to writing unauthorized checks for more than $1.5 million and creating false bank statements to mask the fraud, Real Estate Weekly reported.

Lin, 43, admitted in court that, from November 2006 to August 2009, he stole more than $1.5 million from the buildings’ business accounts while employed as property manager for the buildings at 11 East Broadway and 128 Mott Street.

Lin had limited access to the checking accounts of both buildings, which he used to write unauthorized checks payable to cash and to his own company, AIP Realty Services.

To conceal the ongoing theft, Lin created false bank statements, which he would then submit to the buildings’ board members.

“When large sums of money are stolen from commercial buildings, those costs are often passed down to the buildings’ tenants,” said Manhattan District Attorney Cyrus Vance. “Lin’s actions not only jeopardized the financial stability of the buildings, but could have affected the many doctors, dentists, travel agents and other small business owners who work there every day.”

Lin is scheduled to be sentenced on Oct. 1. [REW] – James Comtois


Related Articles

arrow_forward_ios
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

Jin Fong Restaurant at 20 Elizabeth Street and Governor Andrew Cuomo (Credit: Jing Fong by Craig Barritt/Getty Images for VICE Media; Cuomo by ANGELA WEISS/AFP via Getty Images)

NYC’s largest Chinese restaurant closes amid global health crisis

Larkin Plaza (Credit: Rendering courtesy of SLCE Architects)

RXR project among developments caught up in alleged Gambino mob scheme

Michael Shah (Credit: iStock)

Manhattan DA drops charges against developer Michael Shah

Fotis Dulos (AP Images/ Erik Trautmann)

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

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

55-59 Chrystie Street and Rosewood Realty's Greg Corbin (Credit: Google Maps)

Chinatown mixed-use building heads to bankruptcy auction

arrow_forward_ios
Loading...