Brother of disgraced White Plains developer accused of aiding fraud

New York /
May.May 08, 2019 05:17 PM

A month after former Westchester County developer Michael D’Alessio received a six-year prison sentence for running a $58 million Ponzi scheme, his brother has been sued by a bankruptcy trustee overseeing the dissolution of his former White Plains-based development firm Michael Paul Enterprises, according to Daily Voice Plus. Marianne O’Toole, a Katonah-based attorney handling the liquidation of D’Alessio’s estate, claims that Ronald D’Alessio sought to help his brother by engaging in suspicious money transfers and potentially bogus property transactions to protect certain assets. Ronald D’Alessio, a resident of Eastchester, did not return the DVP’s request for comment. The Real Deal reported in April that two former Manhattan buildings owned by the convicted D’Alessio had been sold for a total of $38 million to a California-based buyer in a bankruptcy auction. [DVP]


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