Greek financier and sentenced fraudster lists $23M UES mansion

In 2005 Roys Poyiadjis paid the SEC $200M in fines for conspiracy to commit securities fraud

Apr.April 03, 2019 04:00 PM
Roys Poyiadjis and 54 East 81st Street (Credit: Wikipedia)

Roys Poyiadjis and 54 East 81st Street (Credit: Wikipedia)

Some fraudsters end up in jail. Others own opulent mansions.

Greek Cypriot financier and securities fraudster Roys Poyiadjis has listed his seven-story Upper East Side townhouse for $22.9 million.

In 2005, Poyiadjis paid a $200 million fine to the U.S. Securities and Exchange Commission for conspiracy to commit securities fraud through his software company ArtemisSoft – one of the largest SEC settlements with an individual. A judge said Poyiadjis, who was CEO of ArtemisSoft, had committed stock fraud “of almost unthinkable magnitude.”

In that same year, an anonymous LLC bought the limestone mansion at 54 East 81st Street for $6.9 million. Mortgage documents filed with the city last year name Poyiadjis as an owner.

Since the fraud scandal, Poyiadjis has been investing through a personal family fund, Platinum Capital Partners.

Now he’s selling his mansion. The luxe townhouse has six bedrooms and ten bathrooms, an elevator, a south-facing garden and a roof deck.

Built in 1915, the property has been outfitted with new technology, including 16 security cameras, a snow-melt system in the front and rear gardens and a noise-cancellation and vibration dampening system between each floor.

David Kromier of Brown Harris Stevens has the listing. He declined to comment.

Poyiadjis has listed the townhouse multiple times since 2010. In 2017, it was listed as part of potential “megamansion,” part of a trio of townhouses that could be combined. The three properties were listed together for $53.4 million but did not sell.

In 2015, when Carrie Chiang at Corcoran was listing Poyiadjis’s house for $33 million, it was featured in an Open House TV video.

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