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.
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