NYC broker admits to pocketing $100K in rental deposits
To nearly two dozen prospective New York renters, Juan Valoy appeared to be an honest real estate broker. But prosecutors say he was a fake who pocketed $105,000 of their money. The phony broker has pleaded guilty to two cases in Manhattan and in the Bronx for a scam that included taking fees, security deposits and first-month rents after showing apartments for which he neither owned nor had rights, Gothamist reported. He’ll spend at least four years behind bars. The boroughs’ district attorney’s offices say he stole around $25,000 from three victims in Manhattan and $80,000 from 18 victims in […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Malaysian Tycoon Lee Yeow Seng-Led IOI Properties To Raise $490 Million From REIT’s IPO

Choose Your Florida Fantasy: Life At The Water’s Edge

Load-Bearing Wall: Why Can’t You Knock Down Any Wall in Your House?

Former Compass Development Marketing employee alleges sex, age discrimination

7 Home Repairs You Should Never DIY (and the Projects Worth Tackling Yourself)

Ben Beitel sells luxury Brooklyn building for $52M

Gary Barnett buys air rights for Midtown supertall

New brand, same problems: Late commissions plaguing The Agency One Rock

Multifamily vet launches AI platform for NYC rentals

How Accurate Is the Zillow Zestimate in Seattle?


