The Real Deal New York

Banks vie to liquidate White Plains developer’s business as his legal woes mount

April 26, 2018 02:37PM

Banks have joined in the slew of lawsuits against embattled developer Michael D’Alessio, asking the court to liquidate his business. Westchester Bank, Greater Hudson Bank and BNB Bank say he owes them $6.3 million. It’s the latest turn in an ongoing legal saga for the White Plains developer who’s accused of taking investor funds for personal use while lying about progress of his developments. [WBJ]