New York Attorney General Eric Schneiderman speaking at New York Law School. Image credit: CityLaw

Schneiderman announces one-year jail sentence and $5 million settlement with major New York City landlord who fraudulently refinanced loans and committed tax fraud. On October 3, 2017, New York State Attorney General Eric T. Schneiderman announced the sentencing of landlord Steven Croman who owns more than 140 apartment buildings across Manhattan. In June 2017, Croman pleaded guilty to Grand Larceny in the Third, Falsifying Business Records in the First Degree and Criminal Tax Fraud in the Fourth Degree. Croman was sentenced to serve one year at Rikers Island. As part of his guilty plea, Croman also agreed to a $5 million tax settlement with the State. (read more…)