“New Yorkers trusted Juan Valoy to rent them apartments. He broke that trust by pocketing their money, leaving them without homes,” said District Attorney Bragg. “Juan Valoy is facing time in state prison for his harmful conduct. Manhattan is facing a housing crisis, and we will prosecute those who exploit it for their own advantage”
“When you defraud the State, you steal from all 20 million New Yorkers,” said District Attorney Bragg. “Our investigations with the New York State Comptroller uncovered nearly $1 million of theft from the public fisc. The crimes alleged in both indictments targeted funds intended to support students, from grade schoolers to college students. I thank the Comptroller’s Office for its partnership and commitment to rooting out fraud committed at the taxpayers’ expense.”
“The defendant callously exploited his position in a senior living community to allegedly steal from nearly two dozen elderly New Yorkers,” said District Attorney Bragg. “One of the alleged victims was 92-years of age. Financial loss for older individuals can be absolutely devastating, and we will continue to use every tool available to address and prevent these types of pernicious schemes.”
“As alleged, these defendants worked together to orchestrate an elaborate fraud, disguising their theft with layers of falsified paperwork and fabricated companies,” said District Attorney Bragg. “In total, we allege, this complex scheme defrauded commercial funders of more than $76 million. I thank my office’s prosecutors and all of our law enforcement partners for their work leading to today’s indictment.”
“We allege these defendants operated a wide-ranging and brazen, multimillion-dollar interstate retail theft conspiracy that impacted businesses and consumers around the country,” said District Attorney Bragg. “We believe that many small businesses were harmed by this theft, some of which may not be able to recover from their financial losses. Furthermore, the intersection of sophisticated online hacking and large-scale theft is deeply concerning and will only grow more prevalent, and we are using every tool available to stay ahead of this emerging trend.”
