![]() Donoghue, United States attorney for the Eastern District of New York, announced. “As alleged, the defendants defrauded mortgage loan holders out of millions of dollars, with taxpayers saddled with much of the loss,” Richard P. BuzzFeed News linked the group to nearly 240 homes. Prosecutors this week said Aronov and his team, which controlled every aspect of the short-selling process, traded on “false, misleading and incomplete” information, lying to the government and to lenders like Fannie Mae and Freddie Mac, failing to disclose unauthorized payments and their business relationships. Then, with the original owners gone, the partners performed fast gut renovations, installing modern fixtures and marble counters, and resold the homes for north of a million dollars. ![]() The partners negotiated with banks to let the property go for far less than market rate, a process known as short selling. Two years ago, BuzzFeed News revealed how this group of investors turned properties on the brink of foreclosure into million-dollar listings sold on the reality TV show Million Dollar Listing New York.Īmid the lingering effects of the mortgage crisis, Iskyo “Isaac” Aronov and his four partners located homeowners in rapidly gentrifying neighborhoods who owed more than they could pay. The US Attorney’s Office for the Eastern District of New York charged the men with conspiracy to commit wire fraud and bank fraud. “Even beyond the grave.Five real estate investors whose business was the subject of a major BuzzFeed News investigation were arrested this week for allegedly defrauding lenders and taxpayers out of millions of dollars in a scheme that targeted New Yorkers at risk of foreclosure. “Akai Gurley’s blood is still on his hands,” she said. But Petersen believes he is not worthy of any honor as a result of his decisions in the case. ![]() Thompson died of cancer a few months later in 2016, and recently got a street co-named in his honor near the District Attorney’s office in downtown Brooklyn. What the public, the media portrayed him to be. “It was priceless that for her legacy, that she knows her father was not who he was portrayed as. ![]() You only hear what people say or what you read,” Petersen told Brooklyn Paper. “At two years old, you lost your father, you don’t know him, you don’t have a relationship with him. Petersen said that seeing Akaila get to celebrate her father was a “priceless” moment, and important for her to understand who her dad really was. And I want to take a moment today so I can celebrate my dad.” “I don’t know very much about him, but he’s important to me. “I’ve been thinking about my dad,” Akaila told the crowd. Linden Boulevard at Eldert Lane in East New York is now known as “Akai Gurley Way.” Photo by Ben Brachfeld Akaila, now a 9-year-old elementary schooler, was presented with a street sign of her own, as a token of remembrance and commemoration for the father she never really knew. Gurley was the father of a 2-year-old toddler, Akaila, when he was killed. “But for us here, in East New York, we still know that justice was still not served.” “A conviction is what we got,” said Mitchell. At sentencing, a judge reduced Liang’s top sentence to negligent homicide, and sentenced him to probation and community service. In February 2016, a jury convicted Liang of manslaughter, in what was widely seen as a defining moment for police accountability.īut Gurley’s family and supporters argue that Thompson then betrayed them as he did not seek jail time for the convicted officer. Then-Brooklyn District Attorney Ken Thompson, who was elected to the office as a progressive reformer intent on reining in police abuse, sought and won an indictment on manslaughter charges against Liang.
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