Judge dethrones Mark Harounian’s “king” defense, awards family companies $16.5M
A New York state judge had some harsh words for a Great Neck real estate scion who claimed he could take money from his family’s business to live as a “king or better.” Judge Joel Cohen recently issued a decision after a trial in an 11-year legal battle between Mark Harounian and his sister Mehrnaz Homapour over distributions and payments from the family’s Manhattan real estate portfolio. Cohen said Harounian “demonstrated a brash willingness to skirt state and federal law and repeatedly mislead state and federal government authorities, as well as family members, both as to his income and in […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Weekend Recap: Secret Shopping Compass Coming Soon
Listings
Grid No Longer Among Data Center Builders’ Biggest
Problems
America’s Top Architects: Travis Price Brings Transparency
To A Washington, D.C. Rowhouse
Developers widely reject large 485x projects
The mogul cashing out at 220 Central Park South
Everyone gets an increase, except these building
owners
NY Dirt: Politicians push developers to block
ICE
How to Turn Your Equity Into Rentals with a HELOC or
Cash-Out Refi (Rookie Reply)
Rezoned Sheepshead Bay site sells for $37M for large
affordable housing project
Massive North Fork waterfront estate sells for $15M in
single-lot record
