Mortgage fraud mayhem continues in NYC

It was another big week for mortgage fraud news in New York City. Indicted attorney Mark Nussbaum — who is in the eye of a legal storm — provided a list of his debtors and creditors as part of an Assignment for the Benefit of Creditors (ABC) to repay an estimated $400 million to jilted creditors. The largest alleged debtor is late real estate investor Mendel Steiner, who Nussbaum claims owes more than $306 million. Other notable debtors include Boruch Drillman ($4.7 million), Eli Puretz ($4.1 million) and Shaya Prager ($1.1 million). Nussbaum’s assets primarily consist of his accounts receivable, […] This article originally appeared on The Real Deal. Click here to read the full story.