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 […]

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