Inside Mark Nussbaum, Riverside’s alleged fraudulent flip business
For years, title company Riverside and law firm Nussbaum Lowinger have been dogged by rumors of mortgage fraud. Now, a sweeping lawsuit claims the firms orchestrated a years-long scheme involving dozens of fraudulent real estate transactions, misappropriated escrow funds and concealed kickbacks through charitable donations. Lakewood, New Jersey-based Blueberry Funding and Florida-based lender EADMK filed a lawsuit in New York’s Southern District against Mark Nussbaum, Samuel Lowinger, Riverside and its owners, Shaul Greenwald, Avery Eisenreich and Yoel Zagelbaum, and two former employees to recoup $87.5 million in missing funds that were supposed to be held in the now-shuttered law firm […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Down Payments Are Smaller Than They’ve Been Since
2021
The Housing Market Is Stronger Than You Think
The 1 Factor That Explains Everything Happening with Home
Prices Right Now
The Croman name is back in the deal flow, featuring the next
generation
Alexander brothers swept into contraband probe at Brooklyn
detention center
How to 2X Your Cash Flow (or More) on the Property You
Already Own (Rookie Reply)
How Much Real Estate Do You Actually Need to Be
Free?
NYC’s top deals: Long Island City warehouse trades for
$16M
Now what? Rafael Cestero on the rent freeze
aftermath
If I Had to Start Over in Real Estate Today, I’d Do
This
