Ex-City Council candidate indicted on housing fraud charges

Cheryl Keeling collected nearly $200K in rent on a Harlem brownstone she didn't own: DA

TRD New York /
Sep.September 21, 2016 02:30 PM

A property manager who unsuccessfully ran for City Council three years ago was indicted Wednesday for allegedly masterminding a housing fraud scheme.

Cheryl “Shelley” Keeling, 65, of Riverdale, allegedly earned $5,000 a month in rent from tenants at a Harlem brownstone that she didn’t own, the District Attorney’s office claims. Keeling was indicted on charges that she unlawfully collected close to $194,000 in rent between 2011 and 2014 and for failing to pay taxes on that income, among other charges.

According to Manhattan District Attorney Cyrus Vance Jr., Keeling sold the Harlem brownstone in 2007 and the new owner took two mortgages out on the property, including one with a principal balance of $1.5 million. The new owner then defaulted on the mortgage. When the new owner died suddenly in 2011, Keeling pretended to be the building’s manager, collecting the rent that should have gone to the property’s lenders, Bank of America and Ocwen Loan Services, the district attorney’s office claims.

The former high school track coach ran for a District 11 council seat in the North Bronx as a Democrat in 2013. At the same time, she was allegedly pulling off her rent scheme.

In 2013, Keeling told the Riverdale Press that she owned Capital Management Group, a real estate firm that managed housing units in Manhattan and the Bronx. Keeling’s campaign platform was “running 4 change” and she told the Riverdale Press at the time, “I don’t have positions. I have passions.”

Vance’s office said she used the income from tenants to purchase meals, luxury goods at Bloomingdale’s and outstanding credit card balances.


Related Articles

arrow_forward_ios

Fake sultan sentenced after allegedly defrauding Miami real estate billionaire and others

From left: 80 Columbus Circle, Jho Low, and 118 Greene Street

Jho Low’s NYC condos to hit market as part of forfeiture lawsuit

One of the country’s largest landlords accused of “Ponzi scheme-like” scam

As rent regulation deadline nears, RSA suggests reforms to individual apartment improvements program

Samvir Sidhu sues over squashed contract to buy Yorkville property

Rodrigo Niño and 84 Williams Street (Credit: Google Maps)

Crowdfunding firm Prodigy is broke, former exec claims in defamation lawsuit

Clockwise from upper L: 155 East 55th Street, 210 East 58th Street and 65 West 55th Street (Credit: Google Maps)

Trio of Manhattan buildings up for sale following claims of mismanagement

Ana Sorokin (Credit: Getty Images)

Con artist who sought nightclub deal with Aby Rosen gets 4 to 12 years in prison

arrow_forward_ios