Stacks of cash, regulatory fraud, and “hard money” lenders: Ostad brothers resort to mudslinging in investment fight

A battle among brothers for a New York real estate firm is getting ugly.  Steven, Michael and Edward Ostad are duking it out over investments in companies and portfolios. But a year-long legal fight over business lines and equity has devolved into explosive personal attacks, with Steven and his brothers both alleging bad behavior.  Steven Ostad has now said his brothers have been conducting fraud with cash rents, blank checks and forged documents, all while excluding him from management and ownership. Court filings show he’s provided photographs he alleges back up his claim, while his brothers have in turn painted […]

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