Manhattan DA News: October 2022 Vol 2
Reducing gun violence, cracking down on illegal guns and more
Reducing gun violence, cracking down on illegal guns and more
State prosecutors on Wednesday charged six property developers and their companies with taking advantage of a lucrative tax break intended to spur housing construction, as part of the Manhattan district attorney’s new focus on fighting misconduct in the real estate industry.
“Luis Acevedo contributed to the proliferation of illegal guns and drug trade by having these dangerous weapons and controlled substances,” said District Attorney Bragg.
DA Bragg, DOI Commissioner Strauber Announce Indictment of 6 Developers for Defrauding 421A Program
“These developers allegedly abused a government program meant to provide New Yorkers access to desperately needed affordable housing. Not only did they illegally charge substantially higher market rents for years, but they did so while personally reaping the benefits of generous property tax abatements. When I announced our Housing & Tenant Protection Unit last week, I said that we would take a targeted approach to complex and pervasive criminal activity that diminished our already limited stock of affordable housing, and this case is an example of just that,” said District Attorney Bragg.