Former Vornado exec found guilty in federal fraud trial

Jared Solomon was found guilty of defrauding Vornado Realty Trust in his federal fraud trial. He faces a maximum of 13 years in prison. The former leasing executive was taken into custody from the courtroom after the judge, Loretta Preska, said she had concerns he was a flight risk or was a danger to the public. The jury found Solomon guilty on all four counts he was charged with: scheme to defraud, aggravated identity theft and two counts of bank fraud. Solomon’s defense attorney, Peter Toumbekis, declined to comment. The trial lasted five days. Federal prosecutors at the Southern District […] This article originally appeared on The Real Deal. Click here to read the full story.